Trusted by over 15 Million Traders
The Most Awarded Broker
for a Reason
CATEGORIES
News
- Short-term operation guide for major currencies on October 21
- Dollar index holds steady ahead of Fed meeting, markets brace for volatility
- The market is "betraying" the Fed! U.S. debt revolts, gold-dollar secret war esc
- Japan’s first female prime minister takes power, Abenomics’ successor has hidden
- Eurozone bond yields rebounded, analysis of short-term trends of spot gold, silv
market news
With the dual help of geopolitical relations and expectations of interest rate cuts, gold and silver both hit record highs, and oil prices rose by more than 2%.
Wonderful introduction:
There are always more missed things in life than not missed ones. Everyone has missed countless times. So we don’t have to feel guilty and sad about what we miss, we should be happy about what we have. If you miss beauty, you have health; if you miss health, you have wisdom; if you miss wisdom, you have kindness; if you miss kindness, you have wealth; if you miss wealth, you have www.xmtraders.comfort; if you miss www.xmtraders.comfort, you have freedom; if you miss freedom, you have personality...
Hello everyone, today Hope this helps you! The original content is as follows:
In early trading in the Asian market on Tuesday (December 23, Beijing time), spot gold was trading around US$4,457 per ounce, affected by intensifying geopolitical tensions and market expectations for the United States in 2026. Driven by further interest rate cuts, gold and silver prices soared, both hitting record highs; U.S. crude oil traded around $57.83 per barrel, with oil prices rising nearly 2.5% on Monday. Rising geopolitical risks provided key support for oil prices.
Stock Market
U.S. stocks closed higher on Monday. Technology stocks continued to rebound, leading the broad market to rise. The market entered a period of thin trading before the holidays. The three major stock indexes rose across the board, with almost all of the 11 major sectors of the S&P 500 closing in the red.
Specifically, the Dow Jones Industrial Index rose 0.47% to close at 48362.68 points; the S&P 500 Index rose 0.64% to close at 6878.49 points; the Nasdaq Index rose 0.52% to close at 23428.83 points.
The rise in Nvidia’s stock price has provided the biggest boost to the market. The www.xmtraders.company is said to have planned to start shipping its second most powerful AI chip before the Lunar New Year. Micron Technology rose 4%. Its strong performance forecast drove chip stocks overall higher, and the Philadelphia Semiconductor Index rose 1.1%. The materials and energy sectors also performed strongly, rising 1.4% and 1.1% respectively, while the financial sector even rose 1.3% to set a closing record.
Market analysts believe that artificial intelligence optimism, beautyThe resilience of the U.S. economy and expectations for a shift in monetary policy to ease have www.xmtraders.combined to offset concerns about tariffs, pushing U.S. stocks on track to rise for a third consecutive year. December is also historically a strong month for the stock market, and the usual "Santa Claus rally" will begin this Wednesday. However, as Christmas approaches, market trading has become significantly thinner, the VIX has dropped to recent lows, and trading volume is expected to shrink further. This week, the market will focus on the last batch of important economic data, including the preliminary GDP value for the third quarter.
Gold Market
Driven by rising geopolitical tensions and market expectations for a possible shift in U.S. monetary policy, gold and silver prices surged sharply on Monday, both hitting record highs. Spot gold hit a record high of $4,459.50 an ounce. Spot silver rose simultaneously, reaching a maximum of $69.42. The cumulative increase during the year has exceeded 136%.
The breakthrough rise in precious metals was mainly driven by two major factors. The first is the surge in demand for safe havens. Last week, U.S. President Trump announced a "blockade" of all sanctioned oil tankers entering and leaving Venezuela, exacerbating market tensions. Secondly, there are rumors in the market that Trump may nominate a new chairman of the Federal Reserve early next year, and the market expects that his successor may be more inclined to cut interest rates. This prospect is good for non-interest-bearing assets such as gold. Additionally, a weaker U.S. dollar also provided additional support for U.S. dollar-denominated precious metals.
Other precious metals also performed strongly. Platinum prices surged 5.4% to $2,079, hitting a new high in more than 17 years; palladium rose 2.1% to $1,748.84, hitting its highest level in the past three years.
Analysts pointed out that this round of rise is a typical "momentum breakthrough" in the context of low holiday trading volume. As gold successfully reaches a new historical high, the market has set its target for next year at the $5,000 mark, and the core narrative driving its rise - central bank gold purchases, geopolitical risks and interest rate cut expectations - is expected to continue.
Oil market
Affected by intensifying geopolitical tensions, international oil prices closed sharply higher on Monday. The U.S. Coast Guard attempted to intercept a sanctioned oil tanker in international waters near Venezuela on Sunday, the third such action in the past month, fueling market concerns that Venezuelan oil supplies may be disrupted. On the same day, Ukrainian drones attacked two ships and terminals in Russia's Krasnodar region, posing a potential threat to Russia's energy exports in the Black Sea region.
As a result, the settlement price of Brent crude oil rose by 2.7% to close at US$62.07 per barrel; the settlement price of US crude oil rose by 2.6% and closed at US$58.01 per barrel.
UBS Group analysts pointed out that the market had previously downplayed the risk of U.S. blockade measures, but the latest interception made participants begin to face the possibility of disruption to Venezuelan oil exports. Analysts believe that rising geopolitical risks have provided key support for oil prices.
At the same time, diplomatic efforts aimed at ending the Russia-Ukraine conflict continue. American specialThe envoy said on Sunday that talks between the United States, Europe and Ukraine in Florida over the past three days had been "productive," but Russia responded that Uzbekistan and Europe's modifications to the U.S. proposal did not improve peace prospects.
Foreign Market
After Japanese officials released a strong signal of intervention, the yen exchange rate against the US dollar showed a technical rebound on Monday, ending its recent losing streak. The U.S. dollar index continued to slide, and is expected to post its largest annual decline since 2017.
The rise in the yen was mainly driven by warnings from Japan’s Ministry of Finance and Chief Cabinet Secretary. Financial Officer Jun Mimura made clear that recent currency movements were "unilateral and sharp" and said the government was prepared to "take appropriate action" against excessive volatility. Market analysts generally regarded this as a strong verbal intervention signal, which triggered short covering of the yen.
The U.S. dollar fell 0.5% against the yen to around 156.94 yen. However, the exchange rates of the euro against the yen and the Swiss franc against the yen both rose to record highs during the session, highlighting that the overall weakness of the yen remains.
The U.S. dollar weakened overall, with the U.S. dollar index falling 0.4% to 98.3, mainly dragged down by declines against the Japanese yen and the euro. This is mainly due to the continued fermentation of market expectations for further interest rate cuts by the Federal Reserve next year, which has inhibited the attractiveness of the US dollar. In contrast, both the euro and the pound posted gains against the dollar, with the pound rising 0.6% to $1.3458.
Analysts pointed out that although the Bank of Japan raised interest rates to a thirty-year high last week, the move has already been fully digested by the market. Without further clear guidance on future interest rates, the yen will remain under pressure. Officials issued an intervention warning at this time, aiming to provide the yen with breathing space. However, the limited effectiveness of past interventions has also left markets wary of the actual impact of verbal warnings.
The above content is all about "[XM Foreign Exchange Official Website]: With the dual help of geography + interest rate cut expectations, gold and silver both hit record highs, and oil prices rose by more than 2%". It was carefully www.xmtraders.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your trading! Thanks for the support!
Only the strong know how to fight; the weak are not even qualified to fail, but are born to be conquered. Hurry up and study the next content!
Disclaimers: XM Group only provides execution services and access permissions for online trading platforms, and allows individuals to view and/or use the website or the content provided on the website, but has no intention of making any changes or extensions, nor will it change or extend its services and access permissions. All access and usage permissions will be subject to the following terms and conditions: (i) Terms and conditions; (ii) Risk warning; And (iii) a complete disclaimer. Please note that all information provided on the website is for general informational purposes only. In addition, the content of all XM online trading platforms does not constitute, and cannot be used for any unauthorized financial market trading invitations and/or invitations. Financial market transactions pose significant risks to your investment capital.
All materials published on online trading platforms are only intended for educational/informational purposes and do not include or should be considered for financial, investment tax, or trading related consulting and advice, or transaction price records, or any financial product or non invitation related trading offers or invitations.
All content provided by XM and third-party suppliers on this website, including opinions, news, research, analysis, prices, other information, and third-party website links, remains unchanged and is provided as general market commentary rather than investment advice. All materials published on online trading platforms are only for educational/informational purposes and do not include or should be considered as applicable to financial, investment tax, or trading related advice and recommendations, or transaction price records, or any financial product or non invitation related financial offers or invitations. Please ensure that you have read and fully understood the information on XM's non independent investment research tips and risk warnings. For more details, please click here