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...
Silver price (XAG/USD) extends its gains for the third successive day, trading around $29.60 per troy ounce during the Asian hours on Friday. This sustained rally is attributed to strong safe-haven demand amid persistent geopolitical tensions in the Middle East and the prolonged Russia-Ukraine conflict. Axios referenced three sources, indicating that US President Joe Biden reportedly explored contingency plans to target Iran's nuclear facilities if Tehran advanced significantly in developing a nuclear bomb before Donald Trump's inauguration on January 20. These talks underscore the growing...
The Australian Dollar (AUD) extends its gains for the second successive session against the US Dollar (USD) on Friday. The AUD gained support following a Financial Times report stating that the People's Bank of China (PBoC) expects an interest rate cut this year at an appropriate time. As close trade partners, any fluctuations in China's economy tend to impact Australian markets. The AUD/USD pair appreciates as the Australian Dollar recovers from two-year lows as stronger commodity prices provide support, particularly Oil and Gold, benefiting Australia's position as a major exporter of...
A gauge of the dollar weakened for the first time in eight sessions before ISM manufacturing data that's likely to provide more clues on the health of the US economy. Bloomberg Dollar Spot Index slipped 0.1%, with Australia and New Zealand's currencies leading gains against the greenback. "Dollar is getting marginally sold in thin trading as traders try not to over-read markets ahead of ISM," said Christopher Wong, strategist at Oversea-Chinese Banking Corp. "Apart from the small selloff this morning, the dollar remains broadly firmer, with the DXY above 109...
Gold edged up on Friday on a softer U.S. dollar and safe haven flows, with the metal en-route for a weekly gain as attention turned to U.S. President-elect Donald Trump's proposed policy changes that could influence the economic and interest rate outlook going forward. Spot gold was up 0.2% at $2,661.19 per ounce, as of 0257 GMT, hitting its highest level since Dec. 13. Bullion is up about 1.6% for the week so far. U.S. gold futures rose 0.2% to $2,675.40. The dollar index DXY fell 0.2%, making dollar-priced bullion more affordable for holders of other currencies. "We have seen an...
Gold was on track for its biggest weekly gain since November, as broad risk-off sentiment buoyed demand for haven assets. Bullion was trading near $2,660 an ounce after climbing 1.3% on Thursday, with investors monitoring increasing concerns over near-term volatility in stock markets. The Cboe's VIX Index climbed for the fourth time in five days, helping to underscore the appeal of safe assets such as gold. Meanwhile, a pair of deadly attacks in the US this week further compounded market angst, sparking domestic security concerns ahead of Donald Trump's official return...
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...