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 edged higher on Thursday as concerns persisted over U.S. President Donald Trump's tariff plans, while investors awaited a key inflation report to assess the Federal Reserve's policy path. Spot gold was up 0.1% at $2,918.22 an ounce, as of 0018 GMT. U.S. gold futures rose 0.1% to $2,932.30. Trump on Wednesday raised hopes for another month-long pause on steep new tariffs on imports from Mexico and Canada, saying they could take effect on April 2, and floated a 25% "reciprocal" tariff on European cars and other goods. Since taking office on January 20, Trump has imposed an...
Oil prices fell to their lowest in two months on Wednesday as a surprise build in U.S. fuel inventories signaled weakening demand and the potential for a peace deal between Russia and Ukraine continued to weigh on prices. Brent crude futures were down 49 cents, or 0.67%, at $72.53 a barrel. U.S. West Texas Intermediate crude futures fell 31 cents, or 0.45%, to settle at $68.62. Both benchmarks settled at their lowest levels since Dec. 10. U.S. gasoline and distillate inventories posted a surprise increase last week even as crude inventories fell unexpectedly as refining activity...
Gold prices fell on Wednesday (26/2) after a recent record rally, as investors awaited inflation data due later in the week and the latest developments on US President Donald Trump's tariff plans. Spot gold fell 0.1% to $2,912.51 an ounce by 1:49 p.m. ET (1849 GMT). Bullion, a preferred hedge against uncertainty and inflation, hit a record high of $2,956.15 on Monday amid trade war concerns stemming from the threat of tariffs. US gold futures settled 0.4% higher at $2,930.60. On Tuesday, Trump ordered an investigation into potential new tariffs, opening a new tab on copper imports to...
Gold futures rose in relatively quiet trading, regaining some ground after Tuesday's sharp selloff. Futures rose 0.3% to $2,927.80 an ounce, nearing an all-time high of $2,974 an ounce hit on Monday. The German election results were well-received by the market, while optimism grew for a Russia-Ukraine peace deal, Nikos Tzabouras of Tradu said in a note. These developments boosted market sentiment, which led to a decline in gold prices on Tuesday, Tzabouras wrote. However, while a deeper correction in the near-term cannot be ruled out, the path of least resistance remains to the upside....
Oil prices held at two-month lows on Wednesday as a potential peace deal between Russia and Ukraine continued to weigh on prices while lower U.S. crude stockpiles provided some support. Brent crude was down 19 cents at $72.83 a barrel by 1256 GMT and U.S. West Texas Intermediate crude oil futures fell by 13 cents to $68.80. Prospects for a peace deal between Russia and Ukraine are improving, ING commodities strategists said in a note on Wednesday, adding that the market was also watching for potential implications of a minerals deal between the U.S. and Ukraine. "This would take us a step...
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...