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 fell slightly in tonight's US session after previously hovering near a seven-week high. Amidst the already high levels, many market participants opted to take profits, leading to selling pressure, although the trend remains bullish. Several market reports indicate spot gold has fallen around 0.2–0.5% from its peak, while gold futures have weakened only slightly and remain in the upper range. In addition to profit-taking, gold was also pressured by a slight strengthening of the US dollar and rising US bond yields, as the market began to digest the Fed's decision and signals about...
Brent crude oil prices weakened again in tonight's trading, hovering around $61 per barrel and approaching their lowest level since October. This decline puts Brent on track for a weekly loss of around 3-4%, extending the sluggish trend that has persisted for the past few weeks. Throughout 2025, Brent has fallen nearly 18% compared to last year, making it one of its worst annual performances since 2020. The main pressure comes from concerns about oversupply in the global market and weakening demand signals, particularly from economic data and US oil inventories. Several institutions,...
Silver surged for a fourth straight day, as inflows into exchange-traded funds (ETFs), momentum-driven volatility, and tight physical markets pushed the metal toward its best year since 1979. The precious metal rose to an all-time high above $64 an ounce on Friday morning, with prices fluctuating wildly. Silver has risen about 10% this week, supported by dovish signals from the Federal Reserve, which delivered an expected interest rate cut and showed signs of weakness in the US labor market. Lower interest rates are a boost for non-yielding precious metals like silver. Most analysts say...
Gold prices rose to a seven-week high on Friday, bolstered by a soft dollar, expectations of interest rate cuts and safe-haven demand prompted by geopolitical turbulence, while silver hit a record high. Spot gold rose 0.7% to $4,311.73 per ounce by 0945 GMT, its highest level since October 21, and set for a 2.7% weekly gain. U.S. gold futures gained 0.7% to $4,343.50. The dollar hovered near a two-month low, and was on track for a third straight weekly drop, making bullion more affordable for overseas buyers. Additionally, "the sharp rise in U.S. weekly jobless claims as well as...
The US dollar was steady on Friday (December 12) but is still expected to suffer a third straight weekly decline, affected by the prospect of an interest rate cut next year, while the pound was also unchanged after data showed the UK economy unexpectedly shrank in the three months to October. The dollar index, which measures the US currency against six other currencies, remained flat at 98.34, expected to fall 0.64% weekly. The index is down more than 9% this year, heading for its steepest annual decline since 2017. Against the weaker dollar, the euro last traded at $1.1737 after rising...
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...