Oil prices fell by more than 2% on Wednesday ahead of a weekend meeting of OPEC+ producers that is expected to consider another increase in production targets in October. Brent crude fell $1.6, or 2.31%, to $67.54 a barrel by 2:11 p.m. EDT (1811 GMT). U.S. West Texas Intermediate crude fell $1.68, or 2.56%, to $63.91 a barrel. Eight members of the Organization of the Petroleum Exporting Countries and allies - known as OPEC+ - will consider further raising oil production at a meeting on Sunday, two sources familiar with the discussions told Reuters, as the group seeks to regain market...
Emas lanjutkan penguatan minggu lalu di perdagangan pagi Asia berada di $3.098, dengan investor investor beralih ke aset safe haven di tengah isu tarif terbaru yang Presiden Donald Trump yang meningkatkan kekhawatiran akan perang dagang global. Penguatan emas minggu lalu didukung oleh meningkatnya permintaan aset berharga. Trump minggu lalu menandatangani proklamasi untuk mengenakan tarif 25% pada impor mobil, sementara pasar juga bersiap untuk apa yang disebut tarif timbal balik Gedung Putih yang akan diberlakukan pada hari Rabu.
Silver (XAG/USD) prices fell after rising more than 2% in the previous session, trading near $34.30 per troy ounce during Asian trading hours on Friday (3/28). Despite the decline, safe-haven demand for Silver remained strong amid rising risk aversion, driven by escalating trade tensions ahead of new US tariffs next week. US President Donald Trump recently imposed a 25% tariff on foreign-made cars and auto parts, prompting threats of retaliation from the European Union and Canada. This has raised concerns about a wider trade dispute and potential global economic impact. Source:...
Gold prices surged to a new record high in afternoon trading, peaking at $3,084 an ounce as concerns over global trade tensions and an uncertain economic outlook spurred safe-haven demand. Meanwhile, the latest US data showed the PCE price index - the Federal Reserve's preferred inflation gauge - rose 2.5% in the 12 months to February, still above the central bank's 2% target. Source: Newsmaker.id
Silver prices edged lower on Friday, after hitting their highest since October 2024, extending weekly gains to more than 2% as rising global trade tensions fueled demand for safe-haven assets. On Wednesday, President Donald Trump announced a 25% tariff on all imported cars and light trucks, set to take effect April 2, along with reciprocal tariffs on countries that impose levies on U.S. goods—actions he has vowed to continue throughout his second term. The tariffs have raised concerns about collections, adding pressure on economic growth while helping to revive inflation. Source:...
Gold rose to a record high as concerns about a widening trade war remained top of mind for investors, after President Donald Trump pushed ahead with U.S. tariffs on all auto imports. Gold is on track for a fourth weekly gain, with prices supported by rising demand for safe haven assets. Markets are also bracing for a fresh round of trade levies on April 2 as the White House prepares to implement so-called reciprocal tariffs. The exact scope of the plan is unclear. Source: Newsmaker.id
Silver prices rose above $34 an ounce on Thursday (03/27), extending weekly gains to more than 2% as escalating global trade tensions fueled demand for safe-haven assets. On Wednesday, President Donald Trump announced a 25% tariff on all imported cars and light trucks, which will take effect on April 2, along with reciprocal tariffs on countries that impose levies on U.S. goods—measures he has vowed to maintain throughout his second term. Source: Newsmaker.id
Gold prices edged up, as of this writing, trading at $303. Prices have been hovering near record highs since U.S. President Donald Trump announced tariffs on all auto imports, escalating trade tensions and boosting demand for safe-haven assets. Traders are now waiting to see how the dollar will react to Friday's personal consumption expenditures price index data. However, "this data will not be too important considering we just heard from Powell last week - the Fed is in no rush, tariff inflation is 'transitory'," said analysts at Peak Trading Research.Source: Newsmaker.id
Gold prices were steady for a second day Thursday (3/27), near a record high as U.S. President Donald Trump announced tariffs on all auto imports, escalating trade tensions and boosting demand for safe-haven assets. On Wednesday, Trump signed a proclamation to impose a "permanent" 25% tariff on all cars not made in the U.S. starting April 2. However, concerns that the president would further escalate trade tensions between the U.S. and global partners were eased when he said some of the reciprocal duties to be announced next week would be "very soft." Trump also said he would consider...
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....