Oil prices inched up on Monday as investors weighed the impact of fresh U.S. sanctions on Iranian exports against ceasefire talks aimed at ending the Russia-Ukraine war, which could lead to an increase in Russian supplies to global markets. Brent crude futures gained 4 cents at $72.2 a barrel by 0735 GMT. U.S. West Texas Intermediate crude rose 8 cents, or 0.1%, to $68.36. Prices fell earlier in the day. Both benchmarks settled higher on Friday and recorded a second consecutive weekly gain as fresh U.S. sanctions on Iran and the latest output plan from the OPEC+ producer group raised...
Silver prices climbed above $33.10 per ounce on Monday, snapping a three-day losing streak, as safe-haven demand increased amid geopolitical tensions and economic uncertainty in the US. Investors closely monitored US-led efforts to end the Russia-Ukraine war, while fighting in the Middle East escalated following Israeli airstrikes on a Gaza hospital on Sunday, which killed five people. Silver also gained support from a weaker US dollar, as concerns grew that President Donald Trump's tariffs could slow economic growth. This, in turn, might push the Federal Reserve to cut interest rates...
Gold price (XAU/USD) remains depressed through the early European session on Monday, though it lacks follow-through selling and holds comfortably above the $3,000 psychological mark or Friday's swing low. The global risk sentiment gets a minor lift in reaction to reports that US President Donald Trump's reciprocal tariffs would be narrower and less strict than initially feared. This is evident from a generally positive tone around the equity markets and turns out to be a key factor undermining the safe-haven precious metal. Meanwhile, the US Dollar (USD) struggles to capitalize on a...
Gold prices fell in Asian trade on Monday, retreating further from record highs as reports that U.S. President Donald Trump's April 2 tariffs would be less severe than feared weighed on safe-haven demand. A weaker dollar limited losses in gold, while broader metal prices rose slightly. Copper was supported by expectations of tighter global supply, especially in the face of U.S. tariffs and Chinese smelter shutdowns. Gold remained ahead of recent peaks, as safe-haven demand remained supported by uncertainty over the U.S. economy and Trump's broader tariff plans. Spot gold fell 0.2% to...