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 extended its decline to around US$3,330 per ounce on Friday (August 22nd), holding within a narrow range as traders avoided major action ahead of Fed Chairman Jerome Powell's Jackson Hole speech, which could potentially signal the direction of US policy in the near future. On Thursday, Fed officials gave little indication of support for an interest rate cut next month, leaving the market awaiting guidance from Powell's speech amid signs of a cooling labor market, while inflation remains above target and vulnerable to tariff-related pressures. Investors still see a chance of policy...
Today, silver price movements are driven by the trade-off between gold's strength and global macroeconomic dynamics. Meanwhile, the industrial sector—particularly renewable energy, electronics, and electric vehicles—continues to drive silver demand, with its usage trend expanding. Concerns about inflation, geopolitical tensions, and diversification opportunities also strengthen silver's role as an alternative safe-haven asset. However, silver price volatility remains high, so while upside potential remains, investors need to consider the risk of sudden price movements, which are often more...
Gold prices fell to around $3,338 per ounce on Thursday (August 21st). Gold fell slightly as the US dollar strengthened and yields rose, but the decline was contained ahead of the release of US data and Jerome Powell's speech at Jackson Hole. A "wait-and-see" stance prevented further selling from becoming widespread. Technically, the bias remains bearish as long as intraday resistance remains unbroken. Monitor nearby support: a hawkish tone supports a sell-on-rally scenario, while a dovish tone could potentially trigger short-covering and a rapid rebound. The gold price at the time of...
Silver prices fell in trading on Thursday (August 21st), as the US dollar strengthened following the release of the minutes of the Federal Reserve's July meeting. Investors are also tending to wait and see ahead of Fed Chairman Jerome Powell's speech at the Jackson Hole symposium later this week. The FOMC meeting minutes showed that most central bank officials still view inflation risks as greater than concerns about the labor market. This has limited expectations for aggressive interest rate cuts. However, the CME FedWatch tool still indicates an 82% chance of a 25 basis point rate cut at...
Oil maintained gains after U.S. crude inventories fell by the most since mid-June, leaving inventories well below seasonal averages. Brent crude traded around $67 per barrel after rising 1.6% on Wednesday, while West Texas Intermediate (WTI) hovered near $63. National inventories fell by 6 million barrels last week, according to Energy Information Administration (EIA) data. Gasoline stocks also fell for the fifth straight week. However, oil prices are still down more than 10% year-to-date due to concerns about the impact of U.S. trade policies and as OPEC+ restores previously halted...
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...