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 Australian dollar (AUD) continued its rally on Thursday (10/4), climbing towards the 0.6240 zone during the American session. The currency pair built on its recent strength as the US Dollar Index (DXY) slumped further towards multi-month lows near the 101 area. The move came after the market digested the White House's confirmation of a 145% tariff on Chinese goods, combined with the Federal Reserve's (Fed) cautious tone. Despite the greenback's decline, the technical backdrop for AUD/USD remains tilted to the downside, with several key indicators continuing to flash bearish signals,...
Oil prices fell more than $2 a barrel on Thursday, erasing the last session's rally, as investors reassessed a planned pause in broad U.S. tariffs and turned their attention to the deepening trade war between Washington and Beijing. U.S. West Texas Intermediate crude fell $2.28, or 3.7%, to settle at $60.07 a barrel. Brent crude fell $2.15, or 3.3%, to settle at $63.33 a barrel. Both contracts had risen more than $2 a barrel on Wednesday after U.S. President Donald Trump halted the heavy tariffs he had announced on dozens of U.S. trading partners a week ago, marking an abrupt change of...
Gold prices surged above $3,172 an ounce on Thursday, hitting a new record high, as a weaker dollar and escalating trade tensions between the U.S. and China boosted demand for the safe-haven metal. The surge followed President Trump's decision to raise tariffs on Chinese goods to 125%, up from 104%, even as he temporarily eased duties on other countries. The dollar index fell more than 1%, making gold more affordable for buyers using other currencies. Meanwhile, U.S. consumer prices unexpectedly fell in March, but inflation concerns remained high amid the new tariffs. As a result, traders...
Gold prices rose more than 1% on Thursday, extending the previous session's sharp gains, as a weaker dollar and escalating trade tensions between the US and China prompted investors to turn to the safe-haven appeal of the precious metal. Spot gold rose 1.6% to $3,132.29 an ounce by 9:29 a.m. ET (1329 GMT), after rising more than 3% on Wednesday. US gold futures rose 2.3% to $3,150.20. US President Donald Trump said on Wednesday he would temporarily lower tariffs on dozens of countries, but raised tariffs on China to 125% from 104%. "Gold is regaining its appeal as a safe haven and is back...
Oil extended a volatile run as investors assessed abrupt shifts in US trade policy, with futures returning to losses following a relief rally on Wednesday. Brent fell near $64 a barrel after a choppy session that saw prices hit a four-year low before ultimately posting the biggest one-day gain since October. With markets in turmoil, President Donald Trump announced a 90-day halt on higher tariffs against dozens of nations, but he also raised duties on China to 125%. "With a lot of uncertainty still existing, the prospect for a major rebound in crude is not...
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...