West Texas Intermediate (WTI) US Crude Oil prices kick off the new week on a weaker note and for now, seems to have snapped a two-day winning streak to a near two-week high – levels just above the $64.00 mark touched on Friday. The commodity currently trades around the $62.80 region, down nearly 1.5% for the day, and is pressured by easing supply disruption fears. The progress toward a US-Iran nuclear deal raised expectations that the return of Iranian oil to global markets would increase supply, which, in turn, is seen undermining the black liquid. In fact, The US and Iran agreed on...
Gold price prints a fresh record high above $3,380 in the Asian session on Monday, within reach of the $3,400 level. Uncertainty about US President Donald Trump's tariff policies and concerns over the Fed's independence continue to drive safe-haven flows into Gold price. Following a brief corrective pullback on Friday due to profit-taking ahead of the Easter weekend, Gold buyers are back with a bang early Monday. The bright metal resumes its record run, targeting the $3,400 threshold as the US Dollar (USD) is smashed to a three-year low against its major currency rivals on heightened risk of...
USD/CHF pair dropped to 0.8069 during Monday's Asian session, marking its lowest level since September 2011, and is trading around 0.8090. The US Dollar (USD) remains under pressure, weighed down by growing fears of economic fallout from the recently imposed US tariffs. The US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, has fallen over 1% to around 98.30—its weakest level since April 2022. Adding to the pressure, the yield on 2-year US Treasury bonds slid more than 1%, now hovering at 3.75%, reflecting investor caution. Federal Reserve (Fed)...