Silver Holds Near Peak as US Jobs Data Bolster Rate-Cut Bets

Oil prices have maintained a modest gain as investors assess the potential for a ceasefire in Ukraine and the implications of rising tensions between the US and Venezuela. The market remains cautious, reflecting the ongoing geopolitical uncertainties that influence oil supply and demand dynamics.

Copper, gold, and silver prices have surged recently, driven by a rush into haven assets and tightening global supplies, marking one of the strongest metals rallies in years. Gold prices on the Comex market have settled higher, reflecting a positive trend in precious metals. Silver has also reached new record highs amid ongoing supply tightness.

Chevron has announced plans to invest up to $19 billion in 2026, primarily focusing on oil production in the United States and Guyana. This strategic investment underscores the company's commitment to expanding its operations in key markets, particularly as it navigates the evolving energy landscape.

Chevron has announced its capital budget for 2026, setting it between $18 billion and $19 billion, with a primary focus on investments within the United States. This decision reflects the company's strategic priorities as it navigates the evolving energy market landscape.

Japan has experienced a significant decline in the number of listed companies, reversing a decade-long trend of growth. This year, the number of listed firms has sharply decreased, despite Japan having nearly as many listed companies as the US, which has a much larger economy.

Asian stocks opened higher, reflecting gains in US markets as new data indicated a slowing job market, bolstering expectations for a Federal Reserve interest rate cut next week.

Stocks gained while U.S. yields dropped as markets reacted to expectations of a potential Federal Reserve interest rate cut. This shift in sentiment was influenced by recent economic data, including a decline in private payrolls, which raised concerns about the labor market's health.

The Bank of England's Mann has expressed concerns that the United States' retreat from its allies could undermine the status of the dollar in global markets. This statement highlights the potential risks associated with shifting U.S. foreign policy and its implications for international economic stability.