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 on Wednesday (05/03), boosted by a weaker dollar and safe-haven buying amid concerns over a shift in U.S. trade policy. Last week, U.S. President Donald Trump announced that tariffs on Canadian and Mexican imports would go into effect Tuesday, along with an additional 10% duty on shipments from China, bringing the cumulative tariffs for China to 20%. In response, reports suggested that Beijing was preparing to impose retaliatory measures on U.S. imports. Source: Newsmaker.id
Gold prices rose amid a weaker US Dollar (USD) as the trade war between the United States (US), Canada, Mexico, and China escalated with new tariffs coming into effect on Tuesday (05/03). Therefore, the decline in the USD supported the precious metal. XAU/USD was trading at $2,918, up 0.62%. Market sentiment remained gloomy after 25% tariffs on Canada and Mexico and an additional 10% duty on China came into effect around midnight. Source: Newsmaker.id
Silver rose above $31 an ounce on Tuesday (04/03) after US President Donald Trump announced that tariffs on Canadian and Mexican imports would go into effect on Tuesday, along with an additional 10% duty on Chinese shipments, bringing the cumulative tariffs for China to 20%. In response, reports suggested that Beijing was preparing to impose retaliatory measures on US imports. Meanwhile, ongoing supply and demand uncertainties continue to weigh on sentiment. Source: Newsmaker.id
Gold (XAU/USD) prices moved higher on Tuesday (04/03) after surging more than 1% the previous day. The recent increase came after United States (US) President Donald Trump confirmed on Monday that tariffs on Canada, Mexico, and China are underway. Meanwhile, Canada and China have rejected the unilateral tariffs imposed by the US. A statement released by Canadian Prime Minister Justin Trudeau's office confirmed that Canada will impose retaliatory tariffs on US imports starting Tuesday if the US tariffs go into effect. Source: Newsmaker.id
Silver prices were steady around $31.50 an ounce on Tuesday (04/03), with investors assessing the economic outlook as US President Donald Trump prepares to impose tariffs on major trading partners. On Monday, Trump confirmed that 25% tariffs on imports from Mexico and Canada would go into effect today, along with doubling Chinese levies to 20%. He also reiterated that reciprocal tariffs would go into effect on April 2 on countries that impose duties on US products. 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...