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...
Oil pushed lower after Ukrainian President Volodymyr Zelenskiy agreed to work on a peace plan, just as US sanctions on two Russian oil giants are scheduled to take effect on Friday. West Texas Intermediate dropped for a third session toward $58 a barrel, while Brent closed near $63 on Thursday. The plan was drafted by the US and Russia and Zelenskiy expects to talk with President Donald Trump in the coming days. Proposals include Ukraine ceding territory and the removal of sanctions. European diplomats expressed skepticism about any deal, noting that Russian President...
Global gold prices weakened again in tonight's trading after rising in the previous session. The main pressure came from the strengthening US dollar and rising US government bond yields, reducing gold's attractiveness as a non-yielding asset. As the dollar strengthens, the cost of holding gold for investors transacting in other currencies becomes more expensive, prompting some market participants to sell and take profits after the rally in recent weeks. At the same time, market participants were still closely monitoring the US employment data, released after a recent delay. The report...
Gold held steady, halting a two-day rally, as investors tempered expectations of a Federal Reserve interest rate cut next month. Gold bullion traded near $4,070 an ounce, after rising nearly 1% over the previous two sessions. The US will not release its October employment report, leaving Fed policymakers without significant data before their final meeting of the year. Meanwhile, minutes from the October meeting showed many officials said it would likely be appropriate to keep interest rates steady for the remainder of 2025. Gold bullion tends to benefit from lower interest rates because it...
Oil prices edged higher as investors weighed the impact of U.S. sanctions on Russia's Rosneft PJSC and Lukoil PJSC, which will take effect on Friday, while the European Union explored further measures to pressure Moscow. Brent traded near $64 a barrel after falling more than 2% on Wednesday, its biggest drop in a week, and West Texas Intermediate neared $60. U.S. sanctions on the Russian oil giant have disrupted crude flows, particularly to India, and forced Lukoil to seek buyers for its international assets. Oil prices remained near annual losses on expectations of a surplus as OPEC+ and...
Gold prices fell more than 1% on Thursday (November 20th), pressured by a stronger dollar and fading expectations of a Federal Reserve interest rate cut in December, as investors awaited the delayed US employment report later in the day. Spot gold fell 0.4% to $4,066.32 an ounce, as of 09:20 GMT, after falling more than 1% earlier in the session. US gold futures for December delivery fell 0.4% to $4,065.30 an ounce. The dollar index strengthened near a two-week high, making gold more expensive for holders of other currencies. "The strengthening dollar is weighing on gold, but these price...
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...