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 (XAG/USD) continued their losses for the second straight day, trading around $30.00 per troy ounce during European trading hours on Thursday. The recent ceasefire between Israel and Hezbollah has eased regional tensions, lowering market fears and reducing the demand for Silver. While some uncertainties persist due to ongoing military actions in Gaza, the geopolitical risks appear less acute. Source: newsmaker.id
Gold prices regained strength in Europe on Thursday. Prices have now stabilized after a sharp decline earlier in the session due to a stronger dollar and US markets being closed for Thanksgiving. The decline reflects a recalibration of the geopolitical risk premium embedded in gold prices, with a ceasefire agreement between Lebanon and Israel easing tensions and lowering safe-haven demand. Despite the decline, the precious metal remains supported by strong buying interest at lower levels. Source: newsmaker.id
Silver (XAG/USD) extended its decline for the second straight day, trading around $29.60 per troy ounce during the Asian session on Thursday (11/28). The decline in Silver prices can be attributed to the easing of safe-haven flows amid easing geopolitical tensions in the Middle East. A ceasefire between Israel and the Lebanese armed group, Hezbollah, was successfully enforced on Wednesday, following a deal brokered by the United States (US) and France. Source: newsmaker.id
Gold was steady for a second day, as investors weighed the outlook for U.S. interest rates following inflation data that supported the case for a rate cut next month. Bullion was near $2,625 an ounce, with pressure on the metal easing as the U.S. dollar rally lost steam. The U.S. dollar, which strengthened after President-elect Donald Trump's victory, has weakened this week against other currencies amid month-end flows. A stronger dollar makes the metal more expensive for many buyers. Source: newsmaker.id
Silver prices climbed above $30.40 per ounce on Wednesday, recovering some losses from earlier in the week as the dollar pulled back from recent highs. Investors were also awaiting key US economic data to assess the outlook for potential Federal Reserve interest rate cuts. Minutes from the Fed's November meeting showed officials were optimistic about easing inflation and a resilient labor market, supporting the case for further rate cuts. However, they indicated a preference for gradual adjustments. Markets are currently pricing in a 63% chance that the Fed will reduce rates by another...
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...