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 prices fell on Thursday (5/22) as a stronger US dollar weighed on the bullion as US Treasury yields fell from intraday highs as the US House of Representatives approved Trump's budget, which will now be sent to the Senate for approval. Market sentiment improved slightly but remained fragile as it was sponsored by a Moody's downgrade of the US government's debt rating. The fiscal package so far approved by the US lower house is projected to add $4 trillion to the debt ceiling. Newsmaker.id
Gold (XAU/USD) prices eased from near two-week highs around $3,345-$3,346 region touched on Thursday, and traded with a mild positive bias during the early European session. A modest US Dollar (USD) uptick was seen as a key factor behind the commodity's intraday decline, though a meaningful pullback seems elusive. Growing acceptance that the Federal Reserve (Fed) will lower borrowing costs further by 2025 and concerns about rising US deficits should keep a lid on the USD, which should act as a tailwind for the non-yielding yellow metal. Source: Newsmaker.id
Silver Prices Gain After Investors Remain Wary Following Moody's Downgrade of US Sovereign Credit Rating and Growing Concerns About US Deficit Due to US President Donald Trump's Massive Tax Bill. In addition, Fresh US-China Trade Tensions, Along with Geopolitical Risks, Hit Global Risk Sentiment.As of this writing, Silver Price is at $33,662 Source: Newsmaker.id
Gold prices continued their rise in the early Asian session on Wednesday (05/22) when this news was released, gold prices moved in the $3322 area, this was accompanied by several fundamental factors because investors were likely to switch from government bonds to precious metals. The global bond market is shaky, with traditional safe haven assets such as gold strengthening. There are also growing concerns over the US fiscal outlook "If all else is equal, that means higher demand for haven assets," from the geopolitical side of Israel and Iran also support demand for safe haven...
Gold prices rose for a third straight session on Wednesday (5/21) as geopolitical risks rose following a report that Israel planned to strike Iran's nuclear facilities while the dollar weakened. Israel is preparing to strike Iran's nuclear infrastructure, CNN reported Tuesday, citing US intelligence officials. The report noted that officials did not know whether Israel had made a final decision to go ahead with the strikes, which could further destabilize the volatile Middle East. 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...