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 strengthened in the Asian session to start 2025, the increase was driven by the attack carried out by Israel on Gaza. The increase in gold also occurred amid the strengthening of the US dollar index today. Expectations for gold to continue to rise for 2025 with the encouragement obtained from geopolitical risks and expectations of increasing government debt due to deep fiscal deficits under the Trump administration, although there are potential challenges from slower Fed interest rate cuts and a strengthening US dollar.
Silver (XAG/USD) prices edged up in the Asian afternoon session on Thursday (2/1), slightly paring the previous session's decline, while market participants are currently still looking for further clarity on the US Federal Reserve's interest rate path and President-elect Donald Trump's policies. Meanwhile, excess capacity in China's solar panel industry has prompted photovoltaic companies to sign up for a government self-discipline program aimed at regulating supply, limiting the demand outlook for silver from its top industry. Pressure is also noted from the threat of yuan devaluation in...
Silver prices (XAG/USD) fell on Tuesday (2/1), Silver was trading at $28.98 per troy ounce, down 0.14% from $29.00 on Monday last week. While in the Fed's aggressive outlook and uncertain demand for industrial silver utilities. Inflation concerns that also prompted the FOMC to project only a slight interest rate cut for the coming year, this also prompted the market to cut its exposure to non-yielding gold bullion assets. In addition, excess capacity in China's solar panel industry prompted photovoltaic companies to register for a government self-discipline program aimed at regulating...
Gold prices traded little changed at $2,626 in Asia to start 2025. The yellow metal had posted its best yearly gain on Tuesday after closing higher. Strong central bank buying, geopolitical uncertainty and monetary policy easing fueled a record-breaking rally in safe-haven gold in 2024, pushing it to an all-time high of $2,790.15 on Oct. 31.
Gold prices were on track for a more than 26% annual gain on Tuesday, their biggest annual gain since 2010, driven by safe-haven demand and central bank interest rate cuts, though sentiment could turn more cautious depending on policy changes under a second Trump administration. Robust central bank buying, geopolitical uncertainty and monetary policy easing fueled a record-breaking rally in safe-haven gold in 2024, pushing it to an all-time high of $2,790.15 on Oct. 31. Source: Newsmaker
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...