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 maintained their positive bias above the $3,300 mark, rising nearly 1% on Wednesday (5/21), hitting their highest level in more than a week, as a weaker dollar and US fiscal uncertainty amid Congressional debate on a broad tax bill boosted demand for safe-haven assets. Source: Newsmaker.id
Silver prices continue their uptrend, as the weakening US Dollar (USD) led to a downgrade of the US government's credit rating last Friday.As of this writing, Silver prices are at $33,151 Source: Newsmaker.id
Gold was steady in early Asia, supported by lingering concerns about the U.S. fiscal deficit. Investors are reassessing the longer-term outlook for U.S. sovereign risk after Moody's Ratings downgraded the U.S. credit rating last week, Pepperstone's Quasar Elizundia said in an email. Safe-haven assets such as gold could see increased demand, the research strategist said. However, near-term upside for gold prices may be limited if ETF outflows continue, Elizundia said, noting that gold ETFs saw strong outflows of 30 tonnes last week. Spot gold was little changed at $3,298/oz. Source:...
Silver prices rose on Tuesday (5/20), as the metal regained traction after two consecutive days of losses. While seemingly range-bound, the rebound was supported by a weaker US Dollar (USD) and steady investor demand for the industrial metal, even as easing geopolitical tensions boosted broader investor confidence. Source: Newsmaker.id
Gold prices rose more than 1% on Tuesday (5/20) as the U.S. dollar weakened further, while the air continued over U.S. tariffs and the Russia-Ukraine ceasefire. 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...