The dollar barely recouped its heavy losses on Tuesday as investors were no clearer on whether a de-escalation of the Sino-U.S. trade war was underway with Treasury Secretary Scott Bessent suggesting the onus was on China to start negotiations. Bessent said in an interview on Monday that it was up to China to de-escalate on tariffs - the latest in a slew of conflicting signals over progress on trade talks between the world's two largest economies. While Trump insists there has been progress and that he has spoken with Chinese President Xi Jinping, Beijing has denied such assertions. The...
Silver price (XAG/USD) is depreciating after registering gains in the previous day, trading around $33.00 per troy ounce during the Asian hours on Tuesday. The safe-haven demand for precious metals, including Silver, continues to weaken as trade-war concerns ease. At the same time, dollar-denominated Silver loses its appeal, with the strengthening US Dollar (USD) making it more expensive for buyers using other currencies. The USD is gaining support as optimism grows over improving US-China trade relations. US President Donald Trump recently signaled a willingness to roll back tariffs on...
Oil prices fell in Asian trade on Tuesday amid persistent uncertainty over U.S. trade tariffs dampened the economic outlook and sparked persistent concerns over slowing demand. Oil was also pressured by Russia unexpectedly announcing a three-day ceasefire with Ukraine, which could help pave a path towards a bigger agreement. Brent oil futures for June fell 0.4% to $65.63 a barrel, while West Texas Intermediate crude futures fell 0.3% to $61.64 a barrel by 21:43 ET (01:43 GMT). Oil markets were also skittish before an OPEC+ meeting next week, where the cartel is widely expected to increase...