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...
Oil prices continued their decline heading into Friday's European session, amid concerns about fuel demand in the United States outweighing the prospect that the Federal Reserve's first interest rate cut this year will stimulate higher consumption, and U.S. President Donald Trump's recent call for lower prices to pressure Moscow to end the war in Ukraine weighed on renewed attacks on Russian energy infrastructure. However, both oil benchmarks are still on track to close higher for the second consecutive week. Brent crude oil price at the time of writing is...
Silver strengthened to around $41.90 due to the impact of the Fed's interest rate cut. Lower interest rates lower the opportunity cost of holding silver, making it more attractive. Sentiment is also supported by global demand-particularly for solar panels (photovoltaics), which are largely driven by China-as well as purchases of silver ETFs by Saudi Arabian sovereign wealth funds and the prospect of a weakening US dollar. However, silver's gains could be restrained if the appetite for safe havens wanes. Easing geopolitical tensions, such as hopes for progress in the Russia-Ukraine dialogue...
Gold is currently correcting after initially surging following the Fed's 25 bps interest rate cut. Jerome Powell's "meeting-by-meeting" and less dovish statements have raised market doubts about the pace of future rate cuts, thus easing interest in gold. Furthermore, the US dollar strengthened following Powell's comments. A stronger dollar typically puts downward pressure on gold prices because it makes them more expensive for buyers outside the US. As a result, gold is now about $60 below its record high. The price of gold at the time of writing is $3,653/Toz. DISCLAIMER Note: This...
Gold corrected after hitting a record $3,707/oz: The Fed's 25 bps cut is already priced in, Powell's tone is cautious, the USD strengthens, the bullish impulse subsides, and profit-taking takes hold. Key levels: resistance $3,680–$3,700 (ATH $3,707), support $3,650/$3,640, then $3,610–$3,600. With expectations of further cuts already partially priced in, the bullish impulse has temporarily subsided. The gold price at the time of writing was $3,639/oz. DISCLAIMERNote: This article is for analytical purposes only and is not a definitive reference. Consider fundamental and technical...
Silver prices are rising again, as the US dollar rally begins to lose steam amid calmer risk sentiment.At the time of this analysis, silver prices were at $41,858 Source: Newsmaker.id
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...