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 extended their stellar run on Monday, topping $3,100 per ounce to hit another record high, as uncertainty around tariffs that would stoke inflation and hinder economic growth lifted safe-haven demand and kept bullion on course for its strongest quarter since 1986. Spot gold rose 1% to $3,116.94 per ounce by 01:44 p.m. ET (1744 GMT), having hit a record of $3,128.06 earlier. U.S. gold futures rose 1.2% to settle at $3,150.30. "The ongoing uncertainty regarding tariffs has affected equity markets and brought another round of safe-haven buying into the gold market," said David...
Gold started the week with a fresh record high, ahead of President Donald Trump's expected latest tariff barrage that's heightened concerns of a global trade war. Bullion gained as much as 1.4% to $3,127.92 an ounce, beating the previous peak from Friday when it recorded a fourth weekly gain, with prices supported by growing haven demand amid a risk-off mood for markets. Trump last week signed a proclamation to slap a 25% tariff on auto imports, while traders also bracing for the White House's so-called reciprocal tariffs due Wednesday. Gold is up almost 19% this year...
Oil edged higher after Donald Trump suggested that the US could impose "secondary tariffs" on Russia, a top-three producer nation and major exporter to the world. On Sunday, NBC News reported Trump as saying he was "very angry" at Vladimir Putin and would consider "secondary tariffs" on Russia's oil exports. He later told told reporters on Air Force One that he didn't think the Russian president would "go back on his word," which appeared to take some of the edge off his earlier criticism. The price reaction to Trump's remarks may have been somewhat blunted by...
Gold prices surged above $3,100 per ounce on Monday to a record high, as worries about potential inflation due to U.S. tariffs set the safe-haven asset up for its strongest quarter since 1986. Bullion continued its remarkable rally that has already seen the metal gain around 18% so far this year. Spot gold jumped 1.1% to $3,117.43 per ounce by 0935 GMT, having hit a record $3,128.06 earlier. U.S. gold futures were up 1.1% to $3,149.60. Bullion rose more than 27% last year as several bullish factors, including a favourable monetary policy backdrop and robust central bank buying, combined...
Oil fluctuated as the market weighed Donald Trump's mixed remarks about the threat of fresh penalties on Russian crude if his counterpart Vladimir Putin refuses a ceasefire with Ukraine. Trump told reporters on Air Force One that he doesn't think Putin will "go back on his word," which appeared to take some of the edge off his criticism earlier Sunday, when NBC News reported him as saying he was "very angry" at the Russian president and would consider "secondary tariffs." Brent's June contract was little changed below $73 a barrel after a marginal gain at the open, while...
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...