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...
Oil prices were steady on Thursday after falling for the past four sessions as U.S. tariffs on Canadian crude supplies are likely to be eased, but investors remain wary of remaining tariffs on Mexico and major producers' plans to increase output. Brent crude futures were trading up 42 cents, or 0.61%, at $69.72 a barrel by 0144 GMT, while U.S. West Texas Intermediate (WTI) crude was up 40 cents, or 0.6%, at $66.71 a barrel. Brent has plunged 6.5% in the previous four sessions, falling to its lowest since December 2021 on Wednesday, while WTI has dropped 5.8% over the same period to its...
Gold edged lower as investors study the latest developments around tariffs and their impact on the US economy and Federal Reserve decisions. The precious metal was trading near $2,915 an ounce, about $40 short of the all-time high reached last week. Silver has also seen strong haven demand, and this week has gained nearly 5%. There was more movement on the tariff front on Wednesday, with President Donald Trump delaying newly imposed automaker levies on Mexico and Canada by a month. The move saw yields on Treasuries shift toward the lowest level of the year amid mounting investor conviction...
The US Dollar Index (DXY), which measures the US Dollar (USD) against a basket of six major currencies, was trading around 104.00 during European hours on Thursday (06/03). The DXY extended its decline for the fourth straight day amid improving risk sentiment, boosted by another shift in US President Donald Trump's tariff strategy. On Wednesday, the White House announced a temporary one-month exemption for automakers in Mexico and Canada from newly imposed 25% import tariffs. Additionally, Trump is considering exempting certain agricultural products from tariffs in both countries, according...
Oil prices rose on Thursday after heavy sell-offs drove the market to a multi-year low, however tariff uncertainties and a rising supply outlook capped gains. Brent futures were trading up 50 cents, or 0.72%, at $69.80 a barrel by 0716 GMT, while U.S. West Texas Intermediate crude (WTI) futures climbed 48 cents, or 0.72%, to $66.79 a barrel. Brent plunged 6.5% in the previous four sessions, dropping to its lowest since December 2021 on Wednesday, while WTI fell 5.8% over the same period to its lowest since May 2023. "The sharp dip in oil prices below the key $70.00 level may prompt a...
Gold prices edged higher in Asian trading on Thursday as the U.S. dollar fell to a four-month low amid signs that President Donald Trump may be open to negotiating his recently imposed steep trade tariffs. Spot Gold inched 0.1% higher to $2,921.42 per ounce, while Gold Futures expiring in April gained 0.1% to $2,929.49 an ounce by 01:15 ET (06:15 GMT). Dollar falters on Trump auto tariff delay; US payrolls data awaited Gold prices advanced as the US Dollar Index weakened 0.2% to a four-month low following President Donald Trump's decision to delay imposing auto tariffs on Canada and...