Oil prices edged down on Tuesday, extending the previous day's losses, as concerns over disruption to Libyan oil loadings eased.Fears of weaker demand linked to soft economic data from China and rising temperatures elsewhere also pressured prices.Brent crude oil futures were down 11 cents, or 0.14%, at $76.97 per barrel. U.S. West Texas Intermediate crude futures were down 9 cents, or 0.12%, at $73.08.Brent settled on Monday at its lowest since Jan. 9, while WTI hit its lowest since Jan. 2. In Libya, local protesters prevented crude oil loadings on Tuesday at Es Sider and Ras Lanuf ports,...
Gold prices bounced off after refreshing four-day lows and rose on Tuesday as United States (US) equities recovered following Monday's sell-off, while the precious metal benefited from safe-haven flows. Trade comments by US President Donald Trump keep investors nervous, which turned to the yellow metal, as XAU/USD is seen changing hands at $2,763, up by 0.88% at the time of writing.Scott Bessent, appointed by Trump as US Treasury Secretary, was approved by the Senate. He said that he supports universal tariffs on imports, which would start at 2.5% and could be gradually increased. However,...
Gold rebounds from lows, benefiting from safe-haven demand amid Trump's trade stance and US stock volatility.New Treasury Secretary Bessent proposes 2.5% starting tariffs; Trump seeks higher, escalating trade war fears.Markets cautious ahead of FOMC meeting; Fed likely to hold rates, monitoring trade policies and economic signals Gold prices bounced off after refreshing four-day lows and rose on Tuesday as United States (US) equities recovered following Monday's sell-off, while the precious metal benefited from safe-haven flows. Trade comments by US President Donald Trump keep investors...