Oil prices rose on Tuesday ahead of an upcoming OPEC+ meeting on Sunday, in which analysts expect the group will not unwind remaining voluntary cuts. Brent crude was up 72 cents, or 1.06%, at $68.87 a barrel by 11:07 a.m. EDT (1507 GMT). U.S. West Texas Intermediate crude was at $65.34 a barrel, $1.33 or 2.08% higher. WTI futures did not settle on Monday due to the U.S. Labor Day holiday. Investors will monitor a meeting of eight members of the Organization of the Petroleum Exporting Countries and their allies on September 7. Analysts said they believed the group would not unwind the...
Silver (XAG/USD) prices continued to decline to trade around $32.20 per troy ounce during European trading hours on Monday (5/12). The precious metal received support from news that Canadian miner Pan American Silver will acquire MAG Silver Corp in a deal that values the company at around $2.1 billion, according to Reuters. Source: Newsmaker.id
Gold prices continued to decline in early European session on Monday (12/5), pressured by the strengthening US Dollar. This was accompanied by optimism in US-China trade talks in Geneva, Switzerland, over the weekend that dragged the precious metal lower. The US and China ended high-stakes trade talks on a positive note on Sunday, with US officials touting a "deal" to reduce the US trade deficit, while Chinese officials said they had reached a "significant consensus".Source: Newsmaker.id(ads)
Silver prices extended their gains for a third session on Monday (5/12). The precious metal was supported by news that Canadian miner Pan American Silver will acquire MAG Silver Corp in a deal that values the company at about $2.1 billion, according to Reuters. Meanwhile, geopolitical tensions continued to provide support for silver. India warned Pakistan of potential retaliation for recent ceasefire violations, a claim denied by the Pakistani military. Source: Newsmaker.id
Gold (XAU/USD) prices fell in early Asia on Monday (5/12), pressured by a stronger US Dollar. Meanwhile, optimism in US-China trade talks in Geneva, Switzerland, over the weekend has dragged the precious metal lower. The US and China reported "substantial progress" after two days of talks in Switzerland aimed at de-escalating a trade war. China's Vice Premier He Lifeng described trade talks with US officials as "an important first step" in stabilising bilateral trade relations. Additionally, US Treasury Secretary Scott Bessent said the two sides made "substantial progress. Nonetheless,...
Gold rose as markets digested comments on tariffs from US President Donald Trump ahead of a weekend meeting between the US and China.President Trump, meanwhile, said that an 80% tariff on Chinese goods "seems appropriate" as representatives prepared for weekend talks to contain a trade war between the world's two largest economies.As of this writing, Gold is at $3,339 Source: Newsmaker.id
Silver prices were steady around $32.50 an ounce on Friday (9/5), after a volatile week as investors remained cautious ahead of high-stakes US-China trade talks scheduled for later this week in Switzerland. The upcoming talks will pit Chinese Vice Premier He Lifeng against US Treasury Secretary Scott Bessent, as both sides seek to defuse escalating tariff tensions. Source: Newsmaker.id
Gold was steady at $3,325 in Europe on Friday (9/5). On the other hand, progress in global trade negotiations after the US announced a deal with the UK and ahead of a meeting that thaws the atmosphere with China has eased demand for safe-haven assets in recent days. However, market observers said investors were wary of the limited scope of the UK agreement and were looking at the upcoming meeting between Washington and Beijing with cautious optimism, as negotiations could be long and drawn out. Source: Newsmaker.id
Gold fell on Friday (5/9), as optimism over US-China trade talks reduced the appeal of safe-haven assets. Officials from both countries are scheduled to meet later this week, raising hopes of progress in resolving trade disputes. The announcement of a US-UK trade agreement further eased concerns over global trade tensions. Source: Newsmaker.id
Gold (XAU/USD) is extending its decline on Wednesday for a second consecutive day as the US Dollar (USD) and US Treasury yields firm ahead of the release of the Federal Open Market Committee (FOMC)...
Oil extended declines after OPEC+ agreed to a bigger-than-expected production increase next month, raising concerns about oversupply just as US tariffs fan fears about the demand outlook.
Brent...
The Japanese Yen (JPY) weakened against its US counterpart and reversed part of Friday's recovery from the lowest level since July 23 following Bank of Japan (BOJ) Governor Kazuo Ueda's remarks....