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 found some support above the $3,200 level and pared some of its modest intraday losses, although its upside potential appears limited. The US dollar (USD) fell to a near two-week low amid speculation that the Federal Reserve (Fed) will cut interest rates further in 2025, which turned out to be a key factor offering some support to the non-yielding yellow metal. Source: Newsmaker.id
Silver (XAG/USD) is trading lower after Moody's or Financial Survey Institution downgraded the US credit rating one notch from Aaa to Aa1 citing soaring debt levels and rising interest payments. This follows similar downgrades by Fitch Ratings in 2023 and Standard & Poor's in 2011.As of this writing, Silver is trading at $32,181 Source: Newsmaker.id
Gold weakened at the start of the Asian session on Tuesday (20/5). Currently, the price of Gold fell slightly as demand for safe assets from Moody's downgrade for the US faded, and attention returned to easing trade tensions between the two largest economies. The precious metal strengthened at the start of the year as President Donald Trump's aggressive trade policies rattled global markets, but its gains have reversed in May as he stopped or withdrew many of his tariff threats. However, gold is still up more than a fifth this year, and is unlikely to experience a sharp decline due to the...
Silver (XAG/USD) traded slightly higher on Monday (5/19) as broader US dollar weakness fueled demand for alternative safe haven assets. The move came in response to Moody's downgrade of the US sovereign credit rating, which has added to market concerns over fiscal sustainability and long-term growth prospects. Source: Newsmaker.id
Gold rose on Monday (5/19) as the dollar slumped after Moody's Ratings removed the US's last top credit rating due to ballooning debt and deficits. Moody's blamed successive administrations and Congress for a ballooning budget deficit that it said showed no signs of abating. And there are concerns the situation could get worse, with Republican lawmakers discussing President Donald Trump's tax and spending package. 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...