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 prices rallied again, recovering losses from the previous session as investors sought refuge in safe haven assets amid persistent economic and trade uncertainty. The recovery followed the Federal Reserve's decision on Wednesday to keep interest rates steady, as expected.As of this writing, Silver is at $32,452 Source: Newsmaker.id
Gold fell as the dollar extended gains after President Donald Trump announced a trade framework with the UK, sapping demand for safe-haven assets stemming from concerns about a global trade war.Trump said the full details of the pact would be negotiated over the coming weeks. But under the agreement, Britain will speed up the process of levying tariffs on American goods and reduce barriers to agricultural, chemical, energy and industrial exports.Among other factors, the Federal Reserve kept interest rates unchanged, and Chairman Jerome Powell said the central bank was in no rush to cut rates...
Silver prices rose more than 1% to near $33 an ounce on Thursday (08/05), recovering losses from the previous session as investors sought refuge in safe-haven assets amid ongoing economic and trade uncertainty. The recovery follows the Federal Reserve's decision on Wednesday to keep interest rates steady, as expected. Source: Newsmaker.id
Gold moved in the area of $3339 during the European session on Thursday (08/05) amid news that United States (US) President Donald Trump is expected to announce a trade agreement with the United Kingdom (UK). Another factor is that the Federal Reserve maintained interest rates, and Chairman Jerome Powell said the central bank was in no rush to cut despite the uncertainty of the trade war. Until this news was released, the price of Gold was at the level of $3,339 Source: Newsmaker.id
Silver prices rose more than 1% on Thursday (08/05), recovering losses from the previous session as investors sought refuge in safe-haven assets amid ongoing economic and trade uncertainty. The recovery followed the Federal Reserve's decision on Wednesday to keep interest rates steady, as expected. However, Chairman Jerome Powell was cautious, highlighting rising risks to inflation and employment, and downplaying the possibility of preemptive rate cuts to mitigate the potential economic impact of new tariffs. Source: Newsmaker.id
Gold rose on Thursday after the Federal Reserve kept interest rates unchanged, and Chairman Jerome Powell said the central bank was in no rush to cut despite the trade war. Powell warned that President Donald Trump's tariff agenda raised the risk of higher inflation and slower growth, but added that the Fed could afford to hold off on policy until officials had a better understanding of where the economy was headed. Source: Newsmaker.id
Prices fell after two consecutive days of gains. The decline came as safe-haven demand weakened following news that US and Chinese officials will meet this week to discuss trade, raising hopes of a de-escalation.In a key development, US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer are scheduled to meet Chinese Vice Premier He Lifeng in Geneva over the weekend. This marks the first high-level dialogue since the US imposed tariffs that sparked a global trade conflict. China's Commerce Ministry confirmed Beijing's willingness to engage, taking into account the US...
Gold trimmed earlier losses after the Federal Reserve kept its benchmark interest rate unchanged, resisting growing political pressure to ease monetary policy.The US central bank, meanwhile, kept interest rates in a range of 4.25%–4.5%, citing ongoing economic uncertainty and increased market volatility.In its post-meeting statement, the Fed highlighted rising risks to inflation and unemployment, reinforcing its cautious stance on future rate adjustments.As of press time, Gold was trading at $3,371 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....