Gold prices briefly caused a stir after hitting a new record, but then slowed. The main trigger: US President Donald Trump withheld the threat of tariffs on Europe and claimed there was a "framework" for a future agreement on Greenland. This calmer tone made the market a little more willing to take risks, thus easing the pressure to buy gold as a safe haven. However, the big picture hasn't changed: gold remains in high territory because the world remains filled with uncertainty. Trade wars could resurface at any time, geopolitical tensions haven't completely subsided, and investors are...
Gold steadied as investors weighed a decline in global equities, unease over lofty tech valuations and fading expectations of an interest-rate cut in the US. Bullion was trading around $4,070 an ounce, having ended the previous session up 0.6%. A high-stakes earnings report from Nvidia Corp. due Wednesday will test investors' nerves over stocks linked to artificial-intelligence developments. While gold often performs well when investors seek refuge from market turmoil, it can also suffer in the short term as traders are forced to unwind leveraged positions. Comments by several...
Oil steadied as traders weighed a report showing rising US stockpiles against concerns about the fallout from sanctions on Russia. West Texas Intermediate traded below $61 a barrel, after gaining more than 1% on Tuesday, when Brent closed near $65. The industry-funded American Petroleum Institute reported a 4.4 million barrel increase in US crude inventories, as well as builds in products. That would take oil inventories to the highest in more than five months, if confirmed by official data. US sanctions against Russian producers Rosneft PJSC and Lukoil PJSC are set to kick...
Silver (XAG/USD) edges higher on Tuesday, trading around $50.70 at the time of writing, up 1.00% on the day. The precious metal is supported by a broad risk-off tone across markets, with investors favoring safe-haven exposure as risk assets come under pressure. This cautious mood comes ahead of long-delayed US economic releases, most notably the September Nonfarm Payrolls (NFP) report scheduled for Thursday. Global equities are broadly lower, fueling demand for defensive assets. Investors remain hesitant as the flow of US macroeconomic indicators has been disrupted in recent weeks,...
Gold reversed part of its three-day negative streak, although faltering just ahead of the $4,100 mark per troy ounce amid the broad-based risk-off environment, lower US Treasury yields and shrinking bets for an interest rate cut by the Federal Reserve at its December meeting. Gold prices rose to around $4,070 per ounce on Tuesday, halting a three-day losing streak as traders stayed cautious ahead of a packed US data calendar. With delayed releases due this week, notably the payrolls report on Thursday and the Fed's minutes on Wednesday, investors are wary that incoming prints could...
Oil prices settled higher on Tuesday after a choppy session as traders weighed the impact of Western sanctions on Russian oil flows, as well as U.S. President Donald Trump saying his administration had started interviewing for the next Federal Reserve chair. Brent crude settled up 69 cents, or 1.07%, at $64.89 a barrel. U.S. West Texas Intermediate crude was up 83 cents, or 1.39%, to $60.74. U.S. crude futures briefly rose by more than $1 a barrel in afternoon trade to a session high of $60.92 after Trump announced the Federal Reserve chair interviews. Trump has been vocally critical of...
The US dollar strengthened slightly in trading on Tuesday evening in Asia (November 18th), holding within the 99.4–99.6 range after a moderate rally in the previous two sessions. Real-time data showed the US Dollar Index hovering around 99.52, a slight increase of around 0.04%, with a daily range of 99.40–99.66. This strengthening occurred amid selling pressure on global stock markets, with major indexes in Asia and Europe weakening sharply following a continued correction on Wall Street triggered by concerns about high valuations of technology and crypto stocks. In the foreign exchange...
Gold (XAU/USD) steadies on Tuesday as risk-off sentiment across global markets prompts a mild pickup in safe-haven demand. At the time of writing, XAU/USD is trading around $4,060, bouncing back after slipping to $3,998 earlier in the Asian session. The risk-off tone is being driven by broad equity weakness, with global stocks sliding after a sharp tech-led selloff spilled over from Wall Street into Asia and Europe. Investors are pulling back as worries build around stretched AI valuations ahead of Nvidia's earnings on Wednesday. However, the upside in Gold remains constrained amid...
Oil prices were steady on Tuesday (November 18), regaining ground after a decline earlier in the session, as traders weighed the impact of Western sanctions on Russian oil flows compared to the expected supply surplus next year. Brent crude rose 2 cents to $64.21 a barrel at 10:31 GMT. U.S. West Texas Intermediate (WTI) crude rose 6 cents to $59.97. "Traders are weighing the impact of the growing global surplus compared to U.S. sanctions disrupting Russian crude flows," said MUFG analyst Soojin Kim. Both benchmarks were trading about 1% lower at the start of the session. The U.S. Treasury...
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....