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...
The U.S. dollar gained against major currencies, including the euro and yen, on Friday as markets sought safe-haven assets amid rising geopolitical tensions following an Israeli attack on Iran. Israel launched a barrage of strikes across Iran on Friday, attacking nuclear facilities and missile factories and killing a swath of military commanders. Israel said about 100 drones had been launched towards Israeli territory in retaliation, although an Iranian source denied this. U.S. President Donald Trump, Israel's main ally, urged Iran to reach a deal on its nuclear program, suggesting that...
Gold (XAU/USD) is extending its gains as Israel's attacks on Iran continue, supporting demand for the safe-haven precious metal. At the time of writing, Gold is trading near $3,430, with a surge in bullish momentum potentially opening the door for a retest of the $3,500 record high in the near term. The attacks by Israel on Iran's nuclear facilities have resulted in a broad ‘risk-off' tone throughout markets, supporting Gold's rise. Recent news indicates that the United States and Israel have warned that attacks are likely to persist, leading to a surge in gold prices, which are currently...
Oil prices jumped more than 7% on Friday, trading near multi-month highs after Israel launched a major strike on Iran, prompting Iranian retaliation and raising concerns about disruptions to oil supplies. Brent crude futures jumped $5.1, or about 7.4%, to $74.46 a barrel by 0843 GMT after hitting an intraday high of $78.50, the highest since Jan. 27. U.S. West Texas Intermediate crude rose $5.1, or 7.5%, to $73.15 a barrel after hitting a high of $77.62, the highest since Jan. 21. Friday's gains were the biggest intraday moves for both contracts since 2022, after Russia's invasion of...
Gold jumped after Israel carried out airstrikes targeting Iran's nuclear sites and military leadership, raising concerns that hostilities between the two countries could escalate into a wider regional conflict. Bullion rose as much as 1.7% on safe-haven investor demand, before paring some gains. Israeli Prime Minister Benjamin Netanyahu said the operation would continue until the "threat" was eliminated. Iran vowed a "strong response" to the airstrikes and sent a wave of drones toward Israel. The U.S. was not involved in the Israeli strikes, according to Secretary of State Marco Rubio, but...
The US dollar rose on Friday as investors flocked to the currency and other safe havens including US Treasury bonds and gold after Israel launched a major attack on Iran, prompting Tehran to retaliate. Israel said it targeted multiple military targets in Iran, and Iran launched a barrage of drones in response. "The geopolitical escalation adds another layer of uncertainty to an already fragile sentiment," said Charu Chanana, chief investment strategist at Saxo. "The key question now is whether this marks a brief flare-up or the beginning of a broader regional escalation. If tensions...
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...