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...
Silver (XAG/USD) traded around $32.30 per troy ounce during the Asian session on Thursday (4/17), paring some of its gains from the previous day. The precious metal came under pressure as global risk sentiment improved following US President Donald Trump's announcement of exemptions for key technology products from newly proposed "reciprocal" tariffs. The exemptions, which cover smartphones, computers, semiconductors, solar cells and flat-panel displays, primarily benefit goods manufactured in China. Source: Newsmaker.id
Gold prices fell on Thursday (4/17) as investors took profits after bullion hit an all-time high, with traders assessing tariff negotiations between the U.S. and Japan. Spot gold fell 0.8% to $3,317.63 an ounce, as of 0717 GMT. Bullion has gained more than 2% this week. U.S. gold futures fell 0.5% to $3,330.60. Bullion hit a record high of $3,357.40 earlier in the session and has gained more than 27% this year. Source: Newsmaker.id
Silver (XAG/USD) fell during the Asian session on Thursday (4/17), paring some of its gains from the previous day. The precious metal came under pressure as global risk sentiment improved following US President Donald Trump's announcement of exemptions for key technology products from newly proposed "reciprocal" tariffs. The exemptions, which cover smartphones, computers, semiconductors, solar cells and flat-panel displays, primarily benefit goods manufactured in China. However, Silver's declines remained limited as Trump simultaneously launched an investigation into potential tariffs on...
Gold prices continue to struggle for their highest levels, during the Asian trading session reaching $ 3353 for the first time on Thursday (4/17), as Federal Reserve Chairman Jerome Powell's warning about the impact of the trade war sparked volatility on Wall Street, leading to sharp declines in stocks and the dollar. Meanwhile, the Trump administration is preparing to pressure countries to curb trade with China in US tariff negotiations. Both of these things create sentiment for market players to seek safe haven assets, Gold being the main choice. Source: Newsmaker.id -ads
Silver prices rose above $32.50 an ounce on Wednesday, hitting a nearly two-week high as escalating trade tensions and broad economic uncertainty boosted safe-haven demand. The latest gains came after U.S. President Donald Trump ordered an investigation into potential new tariffs on all imports of critical minerals—most of which are sourced from China—further stoking fears of a deepening trade war. Beijing has continued to push back against what it calls Trump's "trade bullying" as it braces for a broader impact from existing and future U.S. tariffs. Source: Newsmaker.id
Gold prices topped $3,300 for the first time on Wednesday (16/4), as investors sought safe havens after U.S. President Donald Trump ordered an investigation into potential new tariffs on U.S. imports of critical minerals. Spot gold was up 2.3% at $3,301.78 an ounce by 1018 GMT, after hitting a record high of $3,317.90 earlier in the session. U.S. gold futures were up 2.4% at $3,317.70. "Trump's trade war shows no signs of slowing... triggering a fresh move into safe havens and out of stocks," said Ole Hansen, head of commodity strategy at Saxo Bank. Source: Newsmaker.id
Silver (XAG/USD) prices moved higher after a recent decline, during the Asian session on Wednesday (4/16). The increase occurred as the lingering uncertainty over US trade policy continued to fuel safe-haven demand for the precious metal. A weaker US Dollar (USD) also supported Silver prices, making dollar-denominated assets more attractive to foreign buyers. Safe-haven flows into Silver strengthened after US President Donald Trump called for an investigation into potential tariffs on all imports of critical minerals. The move signals a more aggressive trade stance and increases the risk of...
The price of gold strengthened to touch its highest level of $3263 on Wednesday (16/4) starting the morning with enthusiasm, this happened because of several factors, namely the investigation conducted by the Donald Trump administration which could expand the trade war, increasing investor concerns, thus increasing demand for valuable assets. It is likely that during the Asian session the price of gold will still be enthusiastic. Source: Newsmaker.id -ads
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....