Renewed tensions between the United States and Russia have resurfaced following an incident involving an oil tanker, sparking market concerns about potential disruptions to global energy supplies. Washington's move, associated with tightening oversight and enforcement of sanctions on Russian oil shipments, is viewed by Moscow as provocative and could worsen relations between the two countries. Russia views these actions as an attempt by the United States to suppress Russian energy exports and strengthen its dominance in the global oil market. Meanwhile, Washington argues that these measures...
Gold prices edged higher on Monday (August 18th), boosted by lower US Treasury yields, as market participants awaited US President Donald Trump's meetings with Ukrainian President Volodymyr Zelenskiy and European leaders later in the day. Spot gold rose 0.4% to $3,348.28 an ounce, as of 08:40 GMT on Monday, after hitting its lowest level since August 1st. US gold futures for December delivery rose 0.3% to $3,393.40. "Gold prices are rallying again today, with the market approaching the $3,350 level (as) the combination of weak yields and a weaker dollar is certainly a breath of fresh air...
Oil prices held steady on Monday (August 18th) as traders awaited clues from the meeting between U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy in their efforts to reach a peace deal to end Europe's deadliest war in 80 years. Brent crude was at $65.87 a barrel at 08:47 GMT, while U.S. West Texas Intermediate crude rose 9 cents, or 0.14%, to $62.89 a barrel. Trump met with Russian President Vladimir Putin in Alaska on Saturday and appeared more aligned with Moscow in seeking a peace deal, rather than a ceasefire first. "Market focus now turns to today's Washington...
The EUR/USD pair pared some gains, weakening from levels above 1.1700 to 1.1685 in early European trading on Monday (August 18th). Currency volatility remained low, with a mild risk-off sentiment ahead of the meeting between US President Donald Trump and Ukrainian President Volodymyr Zelenskyy, who will be accompanied by several European leaders, and whose positions on the terms of a peace deal in Ukraine appear to remain significantly different. Media reports suggest that Trump will try to reach a quick agreement by pushing Zelenskyy to accept most of the terms Putin proposed in Alaska....
The US dollar strengthened against the Swiss franc on Monday (August 18th), retracing Friday's decline. The greenback strengthened against most major currencies on Monday, with all eyes on today's Trump-Zelensky meeting, while Swiss industrial production data added to concerns about economic momentum. Investors remained cautious about risk as media reports suggested that Trump would pressure his Ukrainian counterpart to accept Putin's terms for a peace deal. These demands, which largely involve ceding territory to Russia, have been flatly rejected by Zelensky on previous occasions and are...
Silver prices (XAG/USD) strengthened slightly near $38.00 during the European trading session on Monday (August 18th). The white metal attracted a few bids due to slightly cautious market sentiment, with investors awaiting the meeting between United States (US) President Donald Trump and Ukrainian President Volodymyr Zelenskyy at the White House on Monday. US Secretary of State Marco Rubio has confirmed that several European and NATO members will join Trump and Zelenskyy at the White House to discuss concessions proposed by Russian leader Vladimir Putin to end the war in Ukraine. Signs of...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
European stock indices closed marginally lower on Wednesday as equities took a breather from their recent strong momentum, while investors continued to assess the outlook for the ECB's policy this...
The upcoming Supreme Court ruling on the legality of President Donald Trump's massive tariffs, which rocked markets in April, is one of the next major tests for US stocks and bonds.
Equity markets...