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 (XAU/USD) weakened at the start of the week, in the Asian trading session on Monday (2/12). This was due to pressure from the strengthening dollar and profit taking, while investors await key US economic data as a signal regarding the Federal Reserve's monetary policy outlook. This week, key US economic data will be released that could influence market expectations regarding monetary policy. Among the most significant reports are US job openings, the ADP employment report, and the nonfarm payrolls report. In addition to these data points, several Federal Reserve officials,...
Silver (XAG/USD) continued its upward movement around $30.70 during Friday's European session. The upward momentum was largely driven by rising geopolitical concerns. Russian President Vladimir Putin's recent warning of a potential nuclear-capable missile strike on Ukraine, following a large-scale attack on Ukrainian energy infrastructure, has fueled market uncertainty. Meanwhile, the Middle East has seen some stabilization with the ceasefire between Israel and Hezbollah remaining stable. The ceasefire, facilitated by diplomatic efforts from the US and France, has allowed residents to...
Gold rose in European trading on Friday as the dollar weakened and geopolitical concerns continued to mount. The precious metal gained on safe-haven demand amid the escalating Russia-Ukraine conflict. However, prices continued to be weighed down by the dollar's continued strength. The metal is down 3.5% in a month. Donald Trump's victory in the U.S. presidential election in early November sparked a selloff as investors took profits and liquidated hedged positions. Source: newsmaker.id
Silver (XAG/USD) recovered from intraday losses and rose to nearly $30.63 in the Asian session on Friday (11/29) after hitting a fresh 11-week low around $29.65. The white metal gained ground as a fresh escalation in the war between Russia and Ukraine has boosted its safe-haven demand. Tensions between Ukraine and Russia escalated after Russia launched Intermediate-Range Ballistic Missiles (IRBMs) against 17 targets in Ukraine including military facilities and their support systems in response to their attack deep inside Russia via the United States (US) ATACMS missiles last week.
Gold was steady amid thin trading due to the US Thanksgiving holiday, with investors weighing the prospect of a Federal Reserve interest rate cut and rising tensions in Ukraine. Bullion traded near $2,640 an ounce on Friday and fell about 3% for the week after a ceasefire between Israel and Hezbollah reduced some demand for the safe-haven asset. Swap markets are pricing in a more than 60% chance the Fed will cut borrowing costs again next month.
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...