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) weakened on Wednesday (07/4), hovering around $33.00 an ounce after two consecutive days of gains. The decline occurred as safe haven demand weakened following news that U.S. and Chinese officials will meet this week to discuss trade, raising hopes of a de-escalation. Source: Newsmaker.id
Gold fell on Wednesday (7/5) in the European session, entering a new round of trade wars, now the US-China is starting to ease, this is enough to suppress demand for safe assets even as military hostilities between India and Pakistan escalate, and the Dollar Index is stable. However, Beijing said it would not sacrifice its principled stance or international justice to seek any deal. Currently, market players choose to wait and see ahead of this week's FOMC. As of this news release, the price of Gold is at $3,384 Source: Newsmaker.id
Silver fell on Wednesday (07/05) as optimism US-China trade talks curbed demand for safe haven assets even as military hostilities between India and Pakistan escalated. US Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet with Chinese economic official He Lifeng in Switzerland later this week for discussions. Source: Newsmaker.id
Gold fell on Wednesday, snapping a two-day advance, as signs of progress in U.S.-China trade talks curbed demand for safe havens even as military hostilities between India and Pakistan escalated. The talks were the first since President Donald Trump imposed sweeping tariffs on China, raising optimism about a deal between the world's two largest economies. But Beijing has said it will not sacrifice its principled stance or international fairness in seeking any deal. The dollar strengthened against most major currencies. Source: Newsmaker.id
Gold (XAU/USD) rose sharply on Tuesday, supported by converging geopolitical conflicts, trade policy uncertainty and investor defensiveness ahead of the Federal Reserve's (Fed) interest rate decision on Wednesday and Chairman Jerome Powell's press conference.Investors are seeking protection from rising global risks and a weaker US Dollar (USD). Gold's rally reflects deepening global jitters.As of this writing, Gold is trading at $3,413 Source; newsmaker.id
Silver (XAG/USD) prices continued their gains for the second straight session, trading around $33.10 per troy ounce during Asian trading hours on Tuesday (06/05). Prices of precious metals, including Silver, rose as President Donald Trump's new tariff threats spurred demand for safe-haven assets. President Trump announced plans to direct the U.S. Trade Representative and the Commerce Department to begin imposing 100% tariffs on films produced overseas. Source: Newsmaker.id
Gold continued to rise in Europe on Tuesday (06/05) for the second straight day, as geopolitical tensions around the world continued to support investor demand for safe-haven assets. In the Middle East, Israel is increasingly preparing its ground offensive in the Gaza Strip with the aim of fully controlling the territory. In the United States (US), pressure is increasing on US President Donald Trump and his administration to finally announce the first trade deal. Trump and his cabinet have been very vocal about an imminent deal, with US Commerce Secretary Howard Lutnick saying that the...
Silver prices rose more than 1% on Tuesday (06/05), as President Donald Trump's new tariff threats spurred demand for safe-haven assets. President Trump announced plans to direct the U.S. Trade Representative and the Commerce Department to begin imposing 100% tariffs on foreign-produced films. On Monday, he also stated that he intends to impose pharmaceutical tariffs within the next two weeks. 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....