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 continued to strengthen in response to higher US consumer inflation figures and gained positive traction for the second straight day on Thursday. The momentum lifted the precious metal to $2,920 during the Asian session and was supported by a combination of factors.Investors remain concerned that US President Donald Trump's new levies on commodity imports and reciprocal tariffs will trigger a global trade war, which continued to support Gold prices as a safe-haven asset. Moreover, the emergence of fresh US Dollar (USD) selling provided additional support to the bullion and...
Gold is slightly changed and has recovered in the $2,900 area today, Wednesday (12/2). The precious metal is moving up as rising trade tensions encourage investors to seek protection in safe haven assets. Source: Newsmaker.id
Silver erased earlier losses to trade above $32 an ounce, near a three-month high, outperforming other bullion in the session as expectations of steady demand for the metal in the electrification industry offset bets of a more aggressive Fed this year. A surprise recovery in the ISM manufacturing PMI for January boosted the outlook for U.S. manufacturing after more than two years of monthly contractions. Source: Newsmaker.id
Gold (XAU/USD) prices maintained its bid tone through the first half of the European session on Wednesday, albeit lacked any follow-through selling as traders preferred to wait for the release of US consumer inflation figures. Meanwhile, the US Dollar (USD) attracted some buyers after Federal Reserve (Fed) Chairman Jerome Powell's hawkish remarks on Tuesday. This, along with a generally positive risk tone, undermined the commodity for the second straight day. However, concerns over US President Donald Trump's fresh levies on commodity imports and promised reciprocal tariffs, along with...
Gold was steady during the early Asian trading session on Wednesday (12/2) after chasing its latest ATH of $2942 on Tuesday. Gold had fallen slightly as the US central bank signaled it was in no hurry to provide more interest rate cuts, and traders weighed concerns about a global trade war that could help demand for safe haven assets. 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...