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 price (XAU/USD) touches a fresh daily low during the early part of the European session on Monday, with bears now awaiting a sustained break below the $3,300 mark before positioning for deeper losses. The US Dollar (USD) regains positive traction and moves back closer to last week's swing high, which, in turn, is seen as a key factor undermining the commodity. However, bets that the Federal Reserve (Fed) will resume its rate-cutting cycle in the near future should keep a lid on the USD and lend support to the non-yielding yellow metal. Furthermore, concerns that US President Donald...
Silver (XAG/USD) prices are currently holding below the psychological level of $37.00, trading around $36.70 per troy ounce in Asia, after halting a three-day rally in a row. Although demand for safe-haven assets has strengthened amid geopolitical tensions—especially the ongoing conflict in Gaza and President Donald Trump's threat of additional tariffs on pro-BRICS countries—silver prices are still being pressured by a stronger US dollar and easing expectations of a rate cut by the Federal Reserve. Tariff uncertainty keeps investors on the sidelines, but non-yielding assets such as silver...
Gold prices experienced a slight decline at the beginning of this week, amid rising geopolitical tensions and changes in US trade policy. The decline occurred after US President Donald Trump hinted that he would impose an additional 10% tariff on countries that side with the BRICS group. The threat encouraged the strengthening of the US dollar, which in turn pressured gold prices. Gold bullion fell by 0.9%, trading near $3,306 per ounce. Investors are now monitoring the direction of US trade policy ahead of the tariff deadline on July 9. Treasury Secretary Scott Bessent signaled a possible...
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 slid as much as 1.6% toward $67 a barrel after falling 0.7% on Friday, and West Texas Intermediate was below $66. The group led by Saudi Arabia decided on Saturday to increase supply by 548,000 barrels a day, putting OPEC+ on track to unwind its most recent output cuts a year earlier than planned. Alliance officials cited summer demand as one reason for their optimism that the extra barrels could be...
The Australian Dollar (AUD) loses ground against the US Dollar (USD) on Monday, continuing its losing streak for the third successive session. The AUD/USD pair depreciates due to renewed tariff concerns as US President Donald Trump may send out 12 or 15 letters on tariffs later in the day, with expecting that trade deals or letters with most nations will be done by July 9. ANZ Job Advertisements increased by 1.8% in June after a decline of 1.2% in May. The data presents the number of job advertisements in the major metropolitan newspapers and on the internet sites in Australia. The...
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...