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 (XAG/USD) prices held steady on Wednesday (1/22), supported by a weaker dollar and as markets flocked to safe haven assets amid uncertainty surrounding potential tariffs from US President Donald Trump. The newly elected President has yet to provide specific details on universal tariffs or additional costs on major trading partners, a key plank of his election campaign. Source: Newsmaker.id
Gold prices were steady in early Asian trading on Wednesday, still supported by a weaker dollar, following President Trump's inauguration on Monday. Trump, who plans to issue executive orders to overhaul border and energy policies and end diversity programs across the federal government, but refrained from immediately imposing new tariffs on Monday. The news eased concerns for some broader commodities. Source: Newsmaker.id
Silver (XAG/USD) prices edged lower, the white metal facing pressure as the US Dollar (USD) rallied strongly after President Donald Trump confirmed that plans to increase tariffs on foreign countries were being delayed, not rejected. On his first day in the White House, Trump said that a universal tariff hike proposal was on the table, but "We're not ready for it."The US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, rebounded sharply from a near two-week low around 108.00, hit on Monday. Historically, a higher US Dollar weighs on precious metals,...
Gold (XAU/USD) prices were boosted by safe-haven inflows and surged above key technical resistance after US President Donald Trump confirmed that he intends to impose 25% tariffs on Canada and Mexico as early as February, as well as tariffs on Silver and Gold. China is not included in the direct levies, Bloomberg reported.The possibility of Trump imposing tariffs on Silver and Gold has caused market uncertainty, pushing premiums for futures contracts higher. President Trump's domestic agenda is the second major driver, which could extend Gold's bullish momentum further and boost demand for...
Silver rose to around $30.40 an ounce on Tuesday, extending gains from the previous session driven by supply concerns and a narrowing price gap between the New York and London markets. The threat of tariffs, especially after President Trump's inauguration, also boosted the premium for silver futures as traders braced for potential disruptions. In addition, silver prices remained supported by ongoing concerns about supply issues, especially in London vaults. In addition, strong industrial demand, especially in manufacturing, and expectations of a Federal Reserve interest rate cut, which...
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...