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 strengthened on Thursday (August 7), driven by renewed safe-haven demand after US President Donald Trump imposed an additional 25% tariff on Indian imports, escalating trade tensions. Adding support to gold, the dollar index hovered near a more than one-week low after surprisingly weak US employment data last week fueled speculation of a US interest rate cut in September. A weaker dollar makes gold cheaper for holders of other currencies. Source: Newsmaker.id
Gold prices weakened slightly on Wednesday (August 6th), consolidating after four days of gains, as investors digested weak US economic data and the possibility of President Donald Trump appointing new members to the Fed board. At 08:30 GMT, spot gold fell 0.4% to $3,366.50 per ounce, while gold futures for December delivery also fell 0.4% to $3,420.72 per ounce. The precious metal had previously recorded four consecutive sessions of gains, including a 2% surge last Friday. Gold Supported by Expectations of a Fed Rate Cut Gold prices have recently been supported by expectations of an...
Silver prices stabilized on Wednesday (August 6th) as expectations of a Fed interest rate cut increased following the release of weaker-than-expected US employment data. Besides its role as a precious metal, silver also received support from the industrial sector, particularly amid a recovery in global manufacturing activity and demand from the renewable energy sector. The weakening US dollar also strengthened silver's position as an alternative hedge, while investors began returning to the precious metals market following stock market volatility and uncertainty over the direction of global...
Gold prices held steady on Tuesday (August 5th), holding near the two-week high reached in the previous session, as weaker-than-expected US employment data raised expectations for a September interest rate cut and pressured the US dollar and government bond yields. Spot gold was trading at $3,369.25 per ounce as of 06:29 GMT. Bullion hit its highest level since July 24th on Monday. US gold futures were unchanged at $3,423.20. Source: Newsmaker.id
Silver prices stabilized during the Asian session on Tuesday (August 5th), after rising in the previous two sessions, amid growing expectations of an interest rate cut by the Federal Reserve (Fed) in September. This non-interest-bearing precious metal continues to attract investor interest, particularly as a safe haven asset, as concerns about the Fed's independence mount. These concerns deepened after the surprise resignation of Fed Governor Adriana Kugler, opening the door for US President Donald Trump to accelerate his influence at the central bank by appointing a replacement who favors...
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...