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...
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...
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...