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...
The yen weakened against every Group-of-10 peer as investors weighed dimming chances of a Bank of Japan interest rate hike this month. USD/JPY rose as much as 0.3% to 157.78, advancing for a third straight session as traders consider another BOJ rate pause. Governor Kazuo Ueda avoided giving clear signals of a hike in January during last week's speech. US jobs and manufacturing data due later Thursday will give further pulse checks on the economy and provide more clarity on the dollar's trajectory. "With a BOJ rate hike unlikely until March, the risk of...
Gold price (XAU/USD) trades with mild gains to around $2,625 during the early Asian session on Thursday. The uncertainties around Donald Trump's tariff policies, geopolitical risks, and central bank buying support the yellow metal. Nonetheless, the cautious stance of the US Federal Reserve (Fed) might cap the Gold's upside. Traders awaited fresh catalysts that could influence the Fed's interest rate outlook this year. In December, Fed Chair Jerome Powell signaled a cautious stance on further rate cuts after delivering a 25 basis points (bps) reduction. This, in turn, could provide some...
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $28.96 per troy ounce, down 0.14% from the $29.00 it cost on Monday. Silver prices have increased by 21.71% since the beginning of the year. Source: FXstreet
Gold opened the New Year steady after notching its biggest annual gain since 2010, with traders assessing prospects for a slower pace of monetary easing by the Federal Reserve in 2025. Bullion was trading near $2,625 an ounce following its 27% gain in 2024, which was driven by the Fed's cutting cycle, sustained haven demand and a wave of purchases by central banks. Investors are now focused on the interest-rate path in the US, after Chair Jerome Powell last month signaled greater caution over how quickly the central bank can continue reducing borrowing costs amid renewed...
Oil was steady in the first session of the new year after an industry report indicated shrinking US crude stockpiles. West Texas Intermediate traded near $72 a barrel, while Brent closed below $75 on Tuesday. Nationwide inventories dropped by 1.4 million barrels last week, the American Petroleum Institute reported, according to a document seen by Bloomberg. If confirmed by government figures later Thursday, it would be a sixth straight weekly draw. Oil has been stuck in a narrow range since mid-October, with WTI ending 2024 little changed and Brent posting a modest...
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...