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...
Oil prices rose more than $1 a barrel on Tuesday as fresh U.S. sanctions on Iran and a rally in equities helped fuel a recovery rally from the previous session's sharp selloff. Brent crude rose $1.18, or 1.8%, to settle at $67.44 a barrel. The U.S. West Texas Intermediate crude contract for May, which expires on Tuesday, rose $1.23, or 2%, to settle at $64.32. The more actively traded June WTI contract also rose 2% to settle at $63.47. The U.S. on Tuesday imposed new sanctions targeting the liquefied petroleum gas kingpin and Iran's crude oil shipments and its network of companies....
Gold prices fell after hitting a record high of $3,500, but traders booking profits and improving risk appetite sent Bullion lower, despite falling US Treasury yields. At the time of writing, XAU/USD was hovering near $3,400, down more than 0.63%. The latest news from US Treasury Secretary Scott Bessent, who said he sees a de-escalation with China, boosted market sentiment, which has been a drag on Bullion prices. Since the headline, the yellow metal has fallen $50 from around $3,420 to $3,370. However, uncertainty about US trade policy and President Donald Trump's attacks on the Federal...
Gold extended its record run on Tuesday, breaching $3,500 per ounce, as weakness in the dollar, U.S. President Donald Trump's attacks on the Federal Reserve and trade war fears boosted demand for the safe-haven asset. Spot gold was up 0.5% at $3,440.51 an ounce by 09:21 a.m. EDT (1321 GMT), after rising as much as 2.2% to $3,500.05 earlier in the session. U.S. gold futures climbed 0.9% to $3,454.60. "Gold is continuing to find buyers on any short-term dips, and it is really difficult to say how much further it can go. Momentum is clearly strong, which is discouraging investors or traders...
Oil prices bounced back as equity markets staged a recovery on Tuesday, though concerns persist over economic headwinds from tariffs and U.S. monetary policy that could dampen fuel demand. Brent crude futures rose 59 cents, or 0.9%, to $66.85 a barrel by 1423 GMT. The U.S. West Texas Intermediate crude contract for May, which expires on Tuesday, was up 67 cents, or 1%, at $63.75. The more actively traded WTI June contract gained 70 cents, or 1.1%, to $63.11. "The daily fluctuations in Brent crude oil prices have been quite well aligned with fluctuations in equity prices," said SEB analyst...
The dollar dropped against the yen and hovered around multi-year lows versus the euro and the Swiss franc on Tuesday as President Donald Trump's attacks on the Federal Reserve raised concerns about the central bank's independence. Analysts said the dollar was left in an especially fragile state amid market concerns over the U.S. administration's tariffs, which could trigger a global trade war. Doubts about Fed independence threaten the dollar's value as a reserve currency, with analysts noting possible divestments from what many consider over-exposure to U.S. assets. The U.S. currency...
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...