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 prices continued to fall below $30.30 an ounce on Monday, after posting a third straight weekly gain as lower underlying U.S. inflation strengthened expectations for further Federal Reserve interest rate cuts this year. Traders were wary of Donald Trump's inauguration as U.S. president on Monday night, which could herald an era of massive tariffs, trade wars and widespread market turmoil. Meanwhile, in the Middle East, a long-overdue ceasefire in the Gaza war came into effect as Hamas released three female hostages in exchange for 90 Palestinians held in Israeli jails. Source:...
Gold prices fell in early Asian trading on Monday, extending the previous session's decline as a stronger US dollar weighed on the bullion metal and markets awaited the inauguration of US President Donald Trump. However, gold last week posted a weekly gain of 0.5%, its third straight weekly gain. Concerns surrounding tariffs in the global economic landscape, along with potentially stubborn inflation and geopolitical uncertainty, will spur capital flows into gold as a safe haven asset. Source: Newsmaker.id
Gold prices traded flat in the mid-day U.S. session on Friday, holding near a one-month high and on track for a third weekly gain. Recent U.S. economic data, including cooler-than-expected core inflation and disappointing retail sales figures, have reignited hopes that the Federal Reserve could cut interest rates more than once this year. In addition, the potential for tariffs under the incoming Donald Trump administration, which could further fuel inflation, has also strengthened gold's position as an inflation hedge. On the geopolitical front, a ceasefire and hostage release agreement...
Gold (XAU/USD) prices maintained their negative bias through the first half of the European session on Friday (17/1), albeit lacked any follow-through selling and remained near one-month highs touched the previous day. The US Dollar (USD) regained some positive traction and for now, seems to have snapped three consecutive days of losing streak amid growing acceptance that the Federal Reserve (Fed) will pause its interest rate-cutting cycle later this month. This, along with a generally positive tone around the equity markets, turned out to be key factors undermining the precious...
Silver prices surged higher in Europe on Thursday (1/16). The white metal gained as traders increased bets in favor of the Federal Reserve (Fed) delivering more than one interest rate cut this year. Traders are pricing in two rate cuts this year, with the first coming in June instead of September, as had been expected before December inflation data was released. Until this news was released, the price of Silver was at $ 31,788 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...