Oil prices fell after reports that the OPEC+ alliance would consider a new round of supply increases when the group meets over the weekend. Global benchmark Brent fell as much as 2.1% in London, extending previous declines. Oil prices closed at a one-month high on Tuesday. OPEC+ will consider further production increases at its meeting on Sunday, Reuters reported, citing two sources familiar with the discussions. Most analysts and traders expect OPEC+ to maintain production for October, halting a long-running production increase. An OPEC delegate said last month that the group could take...
Gold strengthened after its sharpest one-day drop this year as traders analyzed mixed signals from the U.S. on China tariff plans. Bullion rose above $3,330 an ounce, after suffering its biggest one-day drop since November in the previous session. Among the latest signals from Washington, Treasury Secretary Scott Bessent cast doubt on a timely resolution of the U.S.-China trade war. That followed more conciliatory remarks from President Donald Trump. Source: Newsmaker.id
Silver fell for a second day, as lingering uncertainty over the U.S.-China trade war kept demand for the second safe-haven asset low. Treasury Secretary Scott Bessent said Wednesday that high tariffs between the U.S. and China need to be reduced before trade talks can resume, though he stressed that President Trump would not unilaterally cut tariffs on Chinese goods.As of this writing, silver is still at $33,295 Source: Newsmaker.id
Gold Up on Thursday (4/24) Gold rose after its sharpest decline in five months, driven by President Donald Trump's more assertive comments on trade wars and the Federal Reserve. Trump's comments sparked risk-on sentiment on Wall Street, which spilled over into a wave of gold selling on Wednesday. Source: Newsmaker.id
Silver (XAG/USD) prices rose on Wednesday (4/23). The white metal gained as fears of an escalating trade war between the United States (US) and China eased after President Donald Trump hinted at a possible deal with Beijing. Theoretically, easing global economic tensions reduce the appeal of the safe-haven asset, Silver. However, the metal is gaining due to its industrial demand. Silver has applications in various industries, such as Electric Vehicles (EVs), electronics alliances, power and cables, mining, etc. Source: Newsmaker.id
Gold fell for a second day on Wednesday as the White House took a more cautious stance on the Federal Reserve's independence and investors weighed comments from the Trump administration on trade. President Donald Trump said Tuesday that U.S. tariffs "will come down substantially but they won't go to zero," and that he didn't see a need to "play hardball" with Chinese leader Xi Jinping. However, Treasury Secretary Scott Bessent said Wednesday that Trump has not offered to unilaterally lower U.S. tariffs on China. Source: Newsmaker.id
Silver prices are trading sideways, The white metal has been trading sideways for the past three trading days as investors look for new developments in the trade relations between the United States (US) and China.Earlier news from the United States (US) Treasury Secretary Scott Bessent revealed that he sees a de-escalation with China, which improved the market mood, which is a drag on Silver prices.As of this news release, Silver prices are at $32,630 Source: Newsmaker.id
Gold Down after hitting a record high of $3,500 an ounce for the first time as traders book profits following a nearly 10% rally this month. Gold fell 1.5% to open Asian trading on Wednesday as risk appetite improved with equities bouncing back, bonds and the dollar steady. Market players are currently speculating to wait for key data this week, some are also speculating to take profits. Source: Newsmaker.id
Silver (XAG/USD) prices rose on Tuesday (4/22). The white metal rose as investors looked for new developments in the trade relationship between the United States (US) and China. In the second week of this month, US President Donald Trump announced an abrupt 90-day pause in the implementation of reciprocal tariffs but still imposed huge tariffs on China in retaliation by imposing similar levies on US imports. 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....