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 hit a new record on Monday, rallying sharply amid rising geopolitical tensions and speculation that the Federal Reserve (The Fed) will cut interest rates further next year. Gold surged to $4,459.60 per ounce, registering a 2.4% gain on the day—its biggest gain in more than a month. The surge in gold prices was driven by market expectations that the Fed will lower borrowing costs again in 2026, a policy that would benefit the precious metal. Gold, as a non-interest-bearing asset, often benefits in a lower interest rate environment. Geopolitical tensions, particularly those in...
Oil prices held on to four consecutive days of gains as the US continued its blockade of oil shipments from Venezuela. In this morning's trading, West Texas Intermediate (WTI) was trading around $58 per barrel, after rising about 5% in the last four sessions, while Brent closed near $62 per barrel. US President Donald Trump confirmed that the US would continue to withhold oil from seized vessels linked to Venezuela. The US has already seized two oil tankers and is pursuing a third, as part of further pressure on the government of Nicolás Maduro. Despite the ship seizures, more than a dozen...
Oil prices rose on Monday (December 22nd) after the U.S. Coast Guard attempted to intercept an oil tanker in international waters near Venezuela the day before, and Ukraine damaged two ships and a dock in Russia, raising the risk of oil supply disruptions. Brent crude rose $1.60, or 2.7%, to $62.07 a barrel, while U.S. West Texas Intermediate crude rose $1.49, or 2.6%, to $58.01 a barrel. The U.S. Coast Guard attempted to intercept an oil tanker on Sunday that U.S. officials said was part of an illegal Venezuelan sanctions-evasion operation, the third such operation this month. The pursuit...
Gold (XAU/USD) rallied more than 2% on Monday (December 22nd), hitting a record high of $4,442 amid rising geopolitical tensions and expectations that the Federal Reserve (Fed) will continue to cut interest rates next year, pushing US Treasury yields lower. At the time of writing, XAU/USD was trading at $4,435, having rebounded from a daily low of $4,338. Gold prices surged more than 2% amid rising tensions in the Middle East and Venezuela, while markets expect a deeper Fed rate cut for 2026. Tensions in the Caribbean escalated after US President Donald Trump announced last week a...
Silver (XAG/USD) extended its bullish momentum on Monday, trading around $69.05 at the time of writing, up 2.75% on the day, after hitting a new all-time high of $69.47 earlier in the day. The white metal benefited from strong follow-through buying after several weeks of steady gains, supported by a macroeconomic and geopolitical backdrop that remains favorable for safe-haven assets. Silver's rise occurred amid persistent expectations for monetary easing in the United States. Markets continue to price in additional interest rate cuts by the Federal Reserve (Fed) through 2026, as recent data...
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...