Oil prices stabilized on Thursday (February 12th), as the market reassigned a risk premium to US-Iran tensions despite US inventory data showing swelling domestic supplies. This movement confirms one thing: geopolitical headlines are still more "noise" than signals of a short-term surplus. As of 3:50 PM WIB, Brent was at $69.60/barrel (+0.29%) and WTI was at $64.83/barrel (+0.31%). The gains were moderate, but enough to keep prices near the psychological $70 level for Brent. From a geopolitical perspective, market focus is on the potential for escalation in the Middle East. Recent reports...
Oil prices plunged more than 2% on Monday on signs of progress in talks between the U.S. and Iran, while investors remained concerned about the economic hit from tariffs that could curb fuel demand. Brent crude futures fell $1.70, or 2.5%, to $66.26 a barrel, after closing up 3.2% on Thursday. Thursday was the last settlement day of the week due to the Good Friday holiday. U.S. West Texas Intermediate crude futures fell $1.60, or 2.5%, to $63.08 a barrel, after closing up 3.54% in the previous session. "The U.S.-Iran talks seem relatively positive, which allows people to start thinking...
Gold surged above $3,400 to a record high on Monday, as a weaker dollar and uncertainty over the economic impact of U.S.-China trade tensions spurred demand for safe-haven bullion. Spot gold rose 2.7% to $3,417.62 an ounce by 1:46 p.m. ET (1746 GMT). It hit a record high of $3,430.18 earlier in the session. U.S. gold futures settled 2.9% higher at $3,425.30. The dollar fell to its lowest level in three years as investor confidence in the U.S. economy took another hit over President Donald Trump's comments about Federal Reserve Chairman Jerome Powell. A weaker dollar makes bullion more...
The US Dollar Index (DXY) traded in the red on Monday (4/21), sliding towards the 98.50 region and marking a fresh three-year low. The sharp decline followed growing market concerns over the institutional integrity of the Federal Reserve (Fed) after US President Donald Trump again publicly criticized Fed Chairman Jerome Powell and confirmed that he was looking for ways to remove him. Trump accused Powell of manipulating interest rates for political purposes in 2024 and described him as "late" in reacting to economic conditions. Amid rising global uncertainties and deteriorating confidence...
Gold surged above $3,400 to a new record high on Monday, as the dollar weakened and uncertainty over the economic impact of U.S.-China trade tensions spurred demand for safe-haven bullion. Spot gold rose 2.6% to $3,414.91 an ounce at 09:26 a.m. ET (1326 GMT). Prices hit a record high of $3,424.25 earlier in the session. U.S. gold futures rose 2.9% to $3,424.50. The dollar tumbled as investor confidence in the U.S. economy took another hit over President Donald Trump's comments about Federal Reserve chairman Jerome Powell. A weaker dollar makes bullion more appealing for other currency...
Oil retreated as traders fretted over the impact of the US-led trade war on energy demand, while sings of progress in talks between Washington and Tehran eased concerns about supplies from Iran. Brent crude fell as much as 2.9%, to $66.01 a barrel. The International Monetary Fund is set to cut growth forecasts, and other data may also show how President Donald Trump's trade policies are affecting the global economy. "Oil looks like it's taking a leg lower on general risk-off moves," said Ed Bell, head of research at Dubai lender Emirates NBD Pjsc. "The prevailing mood...
The GBP/USD pair rallies to near 1.3400 during European trading hours on Monday, the highest level seen in seven months. The Cable strengthens as the US Dollar (USD) has been battered by the threat to the Federal Reserve's (Fed) independence after United States (US) President Donald Trump. The US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, is down over 1% to a fresh three-year low near 98.00. Donald Trump has slammed Fed Powell for continuing to support a "wait and see" approach on the monetary policy until getting greater clarity over how the new...
EUR/USD breaks to near 1.1575 at the start of the week, the highest level seen in three-and-a-half years. The major currency pair strengthens as the US Dollar (USD) falls further due to escalating doubts over its safe-haven status. The US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, refreshes a three-year low near 98.00. The remarks over Federal Reserve (Fed) Chair Jerome Powell's termination by United States (US) President Donald Trump have shaken the credibility of the US Dollar and US assets, which had already faltered due to erratic headlines...
Gold price (XAU/USD) maintains its strong bid tone through the first half of the European session on Monday and currently trades near the all-time peak, just below the $3,400 mark. The severe nature of US President Donald Trump's international trade policies has raised the possibility of a US recession, which continues to weigh on investors' sentiment and benefits the safe-haven precious metal. Meanwhile, trump's back-and-forth tariff announcements have dented confidence in the world's largest economy. This, along with the prospects for more aggressive policy easing, drags the US Dollar...
Gold rises in the early Asian trade. There's a broad commodities uptrend, driven by macro uncertainty, a weaker dollar, and persistent demand for "hard" assets, says Fawad Razaqzada, market analyst...
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....