Oil steadied above a four-year low as traders weighed the latest U.S. moves in a trade war, as well as "constructive" talks between Washington and Tehran. Brent traded below $65 a barrel after a week of losses while West Texas Intermediate neared $62. While President Donald Trump paused tariffs on some electronics, he also indicated that specific tariffs would be announced in due course. Meanwhile, easing tensions with Iran could offer the prospect of increased supply. The weekend talks in Oman marked the first high-level engagement since 2022, and signaled renewed efforts to resolve a...
Silver prices dipped to around $32 per ounce on Monday, snapping a three-day rally as easing trade tensions reduced demand for safe-haven assets. The pullback followed US President Donald Trump's decision to exempt key technology products from his newly announced "reciprocal" tariffs, lifting global market sentiment. China's Commerce Ministry welcomed the exemptions as a "small step," while urging the US to fully remove the broader 145% levy on Chinese goods. Markets are now focused on upcoming trade negotiations between the US and major partners, including Japan, India, and South...
Gold price (XAU/USD) retreats after touching a fresh record high earlier this Monday and trades with a mild negative bias around the $3,220 area during the first half of the European session. A positive tone around the equity markets prompts some profit-taking around the precious metal amid slightly overbought conditions on the daily chart. Any meaningful corrective decline, however, still seems elusive in the wake of a sharp escalation in US-China trade tensions, which might continue to act as a tailwind for the safe-haven bullion. Meanwhile, investors now seem convinced that the Federal...