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 trimmed losses after Kyiv and its European allies rejected key parts of a US-Russia plan to end the war in Ukraine. Bullion prices traded near $4,060 an ounce, heading for a slight weekly loss following a sell-off in equities and cryptocurrencies, and a poor US jobs report that clouded prospects for another Federal Reserve interest rate cut in December. The leaders of Germany, France, and the UK agreed in a phone call with Ukraine's Volodymyr Zelenskiy that Kyiv's armed forces must remain capable of defending its sovereignty. The US has threatened to halt the provision of intelligence...
Gold prices fell more than 1% on Friday (November 21) and are set for a weekly decline after a strong US jobs report dampened expectations of a Federal Reserve rate cut next month, weighing on the non-yielding precious metal. Spot gold fell 0.7% to $4,047.14 an ounce, as of 09:09 GMT, after falling more than 1% earlier in the session. Bullion prices have fallen 0.5% this week. US gold futures for December delivery fell 0.4% to $4,044.50 an ounce. "The prospect of further rate cuts is somewhat tempered by the good labor market data released yesterday. I think that's the main factor"...
Oil prices fell more than 1% on Friday (November 21), extending their decline for a third session as the United States pushes for a Russia-Ukraine peace deal that could boost global supply, while interest rate uncertainty curbs investor risk appetite. Brent crude futures fell 83 cents, or 1.3%, to $62.55 a barrel at 08:45 GMT. U.S. West Texas Intermediate crude fell 1.6%, or 92 cents, to $58.08. Both contracts are expected to decline by about 3% for the week, erasing last week's gains. Market sentiment turned bearish as Washington pushed for a peace plan between Ukraine and Russia to end...
The Japanese yen held steady near 157 per dollar on Friday (November 21st), after previously weakening steadily. The currency began to "put on the brakes" after Finance Minister Satsuki Katayama signaled that the government could intervene if the yen's movements were deemed too wild and speculative. Now, many market participants expect Japanese authorities to step in again if the yen approaches 160 per dollar, in line with previous intervention areas. Despite the temporary halt in its weakening, the yen is still expected to fall nearly 2% in the week and is near a 10-month low. Pressure...
Gold was steady after a mixed US jobs report that offered little fresh incentive for the Federal Reserve to cut interest rates. Bullion was trading around $4,080 an ounce, after dropping marginally in the previous session. The last labor report that the Fed will see before its Dec. 9-10 meeting showed that US job growth beat expectations in September but unemployment marched higher. Many Fed officials are leaning toward keeping interest rates steady, while swap traders see a less-than-50% chance of a reduction next month. Bullion typically underperforms in a higher rate...
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...