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...
Silver prices eased in mid-U.S. trading on Thursday, but remained above $31 an ounce as traders bet the U.S. Federal Reserve will cut interest rates again this month. The probability of a 25-basis-point rate cut in December jumped to about 79%, up from 66.5% last week. The expectations grew after data showed U.S. service sector growth slowed more than anticipated in November, even as Fed Chair Jerome Powell signaled the central bank was in no rush to cut rates, citing strong growth, a robust labor market and persistent inflation pressures. Source: newsmaker.id
Gold prices dipped in the mid-day US session on Thursday as US Treasury yields rose following the release of weekly jobless claims data, while markets awaited US nonfarm payrolls figures for fresh insights into the Federal Reserve's stance on cutting interest rates. The number of Americans filing new applications for unemployment benefits rose modestly last week, suggesting the labor market continues to cool steadily. Investors' focus now turns to Friday's US nonfarm payrolls, which are likely to increase by 200,000 jobs in the month after rising by just 12,000 in October, for further...
Silver (XAG/USD) prices moved lower to around $31.20, ending a two-day winning streak during the early European session on Thursday(12/5). The Federal Reserve's (Fed) cautious stance on interest rate cuts weighed on the white metal. Federal Reserve Chairman Jerome Powell said Wednesday that the strength of the U.S. economy means the U.S. central bank can afford to be "a little more cautious" about decisions about interest rate moves. Joseph Brusuelas, chief economist at RSM US, noted that he does not expect another rate cut after the December meeting until March 2025 at the earliest.
Gold prices are currently stable in the Asian session on Thursday, as political turmoil in South Korea spurs safe-haven demand, although anticipation of further cues on US interest rates keeps traders on the sidelines.
Silver prices maintained their recent gains to around $30 an ounce on Wednesday, holding at a more than one-week high as markets anticipate that the US Federal Reserve will cut interest rates again at its December meeting. Currently, markets are pricing in a 75% probability of a 25 basis point rate cut this month. Investors are now focused on the upcoming US jobs data and remarks from Fed Chair Jerome Powell later this week for further clarity on the Fed's monetary policy path.
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...