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 rose 0.2% in early Asian trading on Monday, driven by demand for safe-haven assets as traders weighed the threat of new tariffs from President Donald Trump after he announced 30% tariffs on the European Union and Mexico, effective next month. Trade tensions, such as the massive US tariffs on copper, exacerbated concerns about metal supply, prompting investors to turn to safe-haven assets. Source: Newsmaker.id
Global gold prices rose again for the third consecutive day on Friday.Analysts stated that more investors are starting to seek refuge in gold, even though the stock market is hitting record highs.As of this news release, gold prices are at $3,345. Source: CP-Newsmaker.id
The price of silver is currently at $37,201, up around 0.56% in today's trading. This strengthening is supported by increased investor interest in safe-haven assets amid global uncertainty. Trade tensions between the US and several major economies, including President Trump's new tariff plans, have made the market more cautious and boosted demand for precious metals like silver. Fundamentally, silver's prospects are also supported by persistently high industrial demand, particularly from the technology and clean energy sectors, such as solar panels. Despite concerns about a global economic...
Gold rose to around $3,330 an ounce on Friday, strengthening for a third consecutive session, supported by safe-haven demand amid escalating trade tensions. President Donald Trump announced 35% tariffs on Canadian imports starting August 1 and hinted at plans for blanket tariffs of 15-20% on most other trading partners. This follows earlier threats against Brazil and proposed tariffs on copper, semiconductors, and pharmaceuticals. Meanwhile, Trump's call for a 300-bps cut in the Fed funds rate fueled speculation about a dovish Fed chairman candidate next year and raised concerns about...
Metal prices generally strengthened as the dollar weakened amid mixed signals about when the Federal Reserve will cut interest rates further. However, the US dollar maintained most of its recent rebound from a three-year low.As of this writing, gold prices are at $3,321. Source: CP-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...