If Israel failed to kill Hamas leaders in an air strike on Qatar on Tuesday, it would succeed next time, the Israeli ambassador to the United States said after the operation, which raised concerns it would torpedo efforts to secure a ceasefire in Gaza. "Right now, we may be subject to a little bit of criticism. They'll get over it. And Israel is being changed for the better," Yechiel Leiter told Fox News' "Special Report" programme late on Tuesday. Israel attempted to kill the political leaders of Hamas with the attack in the Qatari capital Doha on Tuesday, escalating its military action...
Brent oil prices fell slightly to around US$67.36 per barrel in trading on Monday (September 1), as pressure from surging global production offset the impact of supply disruptions caused by the Russia-Ukraine conflict. A surge in US production, reaching a record 13.58 million barrels per day in June, also increased the potential for a market surplus. On the demand side, sentiment remains weak, particularly due to the contraction in China's manufacturing sector, which has lasted for five consecutive months. This worsens the outlook for global energy consumption, limiting room for price...
Silver prices are currently declining on Friday (August 29th), as investors show caution ahead of the release of important inflation data from the United States. Pressure on silver also comes from the strengthening US dollar, which is pressuring commodities denominated in that currency. Furthermore, the Fed's interest rate policy is widely expected to limit the price movement of this precious metal in the short term. Nevertheless, expectations of an imminent Federal Reserve interest rate cut remain a key support factor for silver as a safe haven asset and hedge against inflation. Investors...
Gold traded around $3,410 per ounce on Friday (August 29th), nearing its highest level in more than a month and eyeing a second weekly gain. Support came from a weakening US dollar and demand for safe havens amid uncertainty over the direction of US monetary policy. Expectations for a 25-bps Fed rate cut in September strengthened after dovish signals from Governor Christopher Waller, opening the door to further cuts toward a neutral policy stance. The market awaited US personal consumption data due today, while a slightly stronger revision to second-quarter GDP growth fueled inflation...
Silver strengthened in the Asian session, supported by a weaker dollar and falling US yields as the market became more confident in the Fed's September rate cut scenario (85–87% probability).This sentiment persisted despite solid US data—Q2 GDP revised to 3.3% and jobless claims falling to 229,000—as concerns about the Fed's independence (Lisa Cook's lawsuit against Trump's impeachment attempt) increased safe-haven demand, boosting precious metals.Looking ahead, the market's primary focus is the July US core PCE release, which is expected to rise 0.3% m/m and around 2.9% y/y. A result above...
Gold prices were stable on Thursday (August 28th), as investors eyed US inflation data due to be released next Friday. The precious metal had previously received support from concerns over the independence of the Federal Reserve following President Donald Trump's move to remove Fed Chair Lisa Cook. This action sparked temporary safe-haven demand, although the US dollar recovered from earlier this week's weakness. Market sentiment also highlighted the possibility of a Fed rate cut at its September meeting, which could lower the opportunity cost of holding non-yielding gold. However, the...
China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity.
It...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
Poland shot down a drone in its airspace on Wednesday with the support of military aircraft from its NATO allies. This is the first time a member of the Western military alliance is known to have...