Renewed tensions between the United States and Russia have resurfaced following an incident involving an oil tanker, sparking market concerns about potential disruptions to global energy supplies. Washington's move, associated with tightening oversight and enforcement of sanctions on Russian oil shipments, is viewed by Moscow as provocative and could worsen relations between the two countries. Russia views these actions as an attempt by the United States to suppress Russian energy exports and strengthen its dominance in the global oil market. Meanwhile, Washington argues that these measures...
Gold prices maintained their positive momentum to settle at $2,650 troy ounces, through the first half of the European session on Monday. The US Nonfarm Payrolls (NFP) report released on Friday strengthened bets that the Federal Reserve (Fed) will lower borrowing costs in December. In another report, China's central bank added bullion to its reserves for the first time in seven months. Moreover, political turmoil in South Korea, geopolitical tensions, and trade war fears provided some support to the safe-haven gold prices. However, a stronger US Dollar (USD) supported by bets that the Fed...
Silver prices had increased to $31 in today's Asian trading session (9/12) This was driven by geopolitical tensions in the second week of December which also supported the strengthening of silver prices. Starting from the collapse of the French government, the failed military emergency efforts in South Korea (South Korea), tensions in the Middle East which were compounded by the control of Syria by rebels, to the Russia-Ukraine conflict. Meanwhile, the market currently estimates a 75% chance that the Fed will lower interest rates by 25 basis points at its meeting in December, up from 59% a...
Gold rose on Monday after China's central bank added bullion to its reserves in November, ending a six-month pause in a buying binge that had provided a major pillar of support for the precious metal. Bullion rose as much as 0.6% to trade just below $2,635 an ounce, after the People's Bank of China said Saturday it bought 160,000 troy ounces last month. The addition was the first since April, before the central bank halted purchases for 18 months that had helped prop up prices amid strong interest from global public institutions. Source: newsmaker.id
Silver prices held steady above $31 an ounce on Friday (6/12), nearing a one-month high as traders speculated that the US Federal Reserve would cut interest rates again this month. In addition, silver also benefited from increased demand for safe havens amid political turmoil in France and South Korea, as well as ongoing conflicts in Eastern Europe and the Middle East. Source: newsmaker.id
Gold continued its decline on Friday (12/6), ahead of a key US jobs report that could influence the Federal Reserve's interest rate policy. The precious metal fell 0.7% on Thursday, its biggest decline since Nov. 25. The metal has been trading in a narrow range since early last week.
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
European stock indices closed marginally lower on Wednesday as equities took a breather from their recent strong momentum, while investors continued to assess the outlook for the ECB's policy this...
The upcoming Supreme Court ruling on the legality of President Donald Trump's massive tariffs, which rocked markets in April, is one of the next major tests for US stocks and bonds.
Equity markets...