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 continued to rally near $29.80 during the European session on Friday. The white metal gained strength on increased safe-haven demand amid rising geopolitical tensions. According to a report from Axios, US President Joe Biden discussed the possibility of an attack on Iran's nuclear facilities with his national security team, with President-elect Donald Trump weeks away from taking office. Axios reported that White House National Security Advisor Jake Sullivan presented President Biden with several options for a possible US strike on Iran's nuclear sites. Historically,...
Silver (XAG/USD) prices extended its gains for the third straight day, trading around $29.60 per troy ounce during Asian hours on Friday (3/1). The ongoing rally was attributed to strong safe-haven demand amid persistent geopolitical tensions in the Middle East and the ongoing Russia-Ukraine conflict. Axios cited three sources, who indicated that US President Joe Biden is reportedly exploring contingency plans to target Iran's nuclear facilities if Tehran makes significant progress in developing a nuclear bomb before Donald Trump's inauguration on January 20. The talks underscore growing...
Gold prices were steady during the Asian session on Friday (3/1) on the back of a weaker US dollar and safe-haven inflows, with the precious metal heading for a weekly gain as attention turns to proposed policy changes by US President-elect Donald Trump that could affect the economic outlook and interest rates going forward. Russia also launched another drone strike on Kyiv early Wednesday, causing damage in at least two districts. Traders are looking ahead to next week's US jobs data, the ADP employment report, the Fed's December FOMC meeting minutes and the US employment report to gauge...
Prices opened little changed at the start of the Asian session. The white metal had previously experienced a fairly strong increase along with the weakening of US treasury yields, increasing interest in haven assets. Geopolitical risks in the Middle East and Europe also boosted silver. Meanwhile, the US Dollar Outlook and bond yields are expected to remain strong as the Federal Reserve (Fed) is expected to provide fewer interest rate cuts this year as officials are optimistic about the economic path.
Gold opened with gains after closing at its highest level in two weeks yesterday, driven by safe haven buying. The boost also came from geopolitical factors, where on Wednesday yesterday Israel again attacked the Gaza outskirts. Russia also launched another drone attack on Kyiv on Wednesday morning, causing damage in at least two districts. Traders are waiting for next week's US jobs data, the ADP employment report, the Fed's December FOMC meeting minutes, and the US employment report to gauge the outlook for interest rates for 2025.
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...