United States (US) President Donald Trump and Russian President Vladimir Putin concluded an initial face-to-face meeting in Alaska late Friday, with both parties delivering mutually inconclusive statements. Trump and Putin both delivered vague promises of "progress" on multiple fronts, but initial details remain light. Now, President Trump will be pivoting to hand-delivering Russia's peace proposals on Ukraine to both the Ukrainian and European Union government bodies. Key Putin highlightsMeeting has been long overdue.Ukraine situation was one of key issues.Ukraine war is a tragedy, great...
Gold (XAU/USD) prices had earlier hit an all-time high of $3,004, before falling back below $3,000, still posting a weekly gain of over 2.5% for now at the time of writing on Friday (3/14). The inflow and additional demand for Bullion came after US President Donald Trump retaliated against European tariffs, saying he would impose a 200% tariff on wine and champagne from the region. This has spooked market participants into believing that all bets are off and that US President Trump will not back down or ease his stance on tariffs, raising more concerns about growth and demand for riskier...
Oil prices rebounded on Friday after falling more than 1% in the previous session, partly as the prospect of an end to the Ukraine war that could bring more Russian energy supplies back to Western markets faded. Brent crude futures were up 54 cents, or 0.77%, at $70.42 a barrel by 1055 GMT, after closing 1.5% lower in the previous session. U.S. West Texas Intermediate crude futures were at $67.13 a barrel, up 58 cents, or 0.87%, after closing down 1.7% on Thursday. Prices are expected to end the week more or less flat from Friday, when Brent closed at $70.36 and WTI at $67.04. "Brent has...
Gold prices have topped $3,000 an ounce for the first time, driven higher by massive central bank spending, fragile economies around the world and President Donald Trump's efforts to rewrite the rules of global trade by imposing tariffs on strategic allies and rivals. Bullion prices rose as much as 0.4% to $3,001.20 an ounce on Friday. The move through the psychological $3,000 level underscores gold's centuries-long role as a store of value in turbulent times and as a gauge of fear in markets. In the past quarter-century, prices have risen 10-fold, even outperforming the S&P 500, the...
Here's what you need to know on Friday, March 14: The US Dollar (USD) held steady in European morning trading on Friday (3/14), with the USD Index holding in positive territory near 104.00 after posting modest gains for two straight days. The US economic docket will feature the University of Michigan's preliminary Consumer Sentiment Index data for March ahead of the weekend. Senate Democratic Leader Chuck Schumer announced late Thursday that he plans to vote to keep the government open as the chamber prepares to debate a stopgap GOP bill to continue funding the government on Friday. US...
Silver (XAG/USD) prices extended its upward momentum for the fourth straight day, trading around $33.90 per troy ounce during European trading hours on Friday (3/14). The precious metal benefited from rising safe-haven demand amid escalating global trade tensions. Market concerns escalated after US President Donald Trump threatened 200% tariffs on European wine, champagne and other spirits in response to the EU's 50% tariffs on American whiskey. Silver, a non-interest-bearing asset, gained support from rising expectations of a Federal Reserve (Fed) interest rate cut following weak US...