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...
Gold was steady during the early Asian trading session on Wednesday (12/2) after chasing its latest ATH of $2942 on Tuesday. Gold had fallen slightly as the US central bank signaled it was in no hurry to provide more interest rate cuts, and traders weighed concerns about a global trade war that could help demand for safe haven assets. Source: Newsmaker.id
Silver (XAG/USD) prices found a temporary cushion on Tuesday (2/11) after falling sharply earlier in the day. The white metal showed little buying interest as the US Dollar (USD) declined ahead of Federal Reserve (Fed) Chairman Jerome Powell's testimony before Congress. However, the overall outlook for Silver prices remains strong amid growing concerns over a global trade war. Historically, the appeal of precious metals, such as Silver, increases in an uncertain global Source: Newsmaker.id
Gold prices slipped on Tuesday (2/11) as investors booked profits following a record high, but remained optimistic amid concerns about a global trade war sparked by U.S. President Donald Trump's new tariffs. Traders were eyeing Federal Reserve Chairman Jerome Powell's testimony later in the day and U.S. inflation data due Wednesday for fresh clues on the outlook for interest rates in the world's largest economy. Source: Newsmaker.id
Gold (XAU/USD) price has broken its previous all-time high and made a new record high of $2,942 in trading on Tuesday (11/2) morning before turning lower that day. Meanwhile, United States (US) President Donald Trump has imposed a 25% tariff on steel and aluminum imports for all countries starting March 12, while China has quietly imposed retaliatory tariffs on some US goods. Source: Newsmaker.id
Silver prices rallied on safe-haven demand on Monday, rising 0.90% and regaining $32.00 a troy ounce at the time of writing.The precious metal continued to perform positively on Monday after US President Donald Trump imposed a 25% tariff on all aluminum and steel imports. This prompted traders to seek the safety of haven assets such as Silver, Gold, and the US Dollar.As of this News Release Silver price is at $32,157 Source: Newsmaker.id
Gold prices continued their record on Tuesday (2/11) and broke through the key level of $2,921 for the first time, supported by safe haven demand as US President Donald Trump's new tariff threats amplified concerns about trade wars and inflation. Meanwhile, investors will focus on Federal Reserve Chairman Jerome Powell's testimony before Congress on Tuesday and Wednesday for clues on the trajectory of monetary policy. Source: Newsmaker.id
Silver held steady on Tuesday (2/11), recovering some of the previous session's losses as US President Donald Trump's tariff warnings fueled safe-haven demand for the metal. Trump announced a 25% blanket tariff on all steel and aluminum imports, effective today, with additional tariffs to be announced on Tuesday or Wednesday. The precious metal was supported by a weaker dollar, as concerns over escalating global trade tensions eased Source: Newsmaker.id
Gold extended its record high on Tuesday (2/11) and broke through the key $2,900 level for the first time, boosted by safe-haven demand as U.S. President Donald Trump's new tariff threats heightened fears of a trade war and inflation. Trump announced plans on Sunday to impose an additional 25% tariff on all steel and aluminum imports. He also said he would announce reciprocal tariffs this week, matching those imposed by other countries and implementing them immediately.' 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....