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 edged up on Tuesday (January 6), hitting a one-week peak and nearing a record high, with demand for safe havens driven by geopolitical tensions surrounding the US arrest of Venezuela's president and expectations of a US interest rate cut. Spot gold prices rose 0.3% to $4,461.09 an ounce, as of 11:35 GMT, after rising nearly 3% in the previous session. Bullion hit a record high of $4,549.71 on December 26, ending the year with a 64% gain, its best annual performance since 1979. US gold futures for February delivery rose 0.3% to $4,462.60. "Gold prices were supported by rising...
Oil prices edged higher in recent trading, continuing their gains after posting their biggest daily gain in a week. However, market direction remains mixed as market participants weigh two competing narratives: resurgent geopolitical risks versus lingering concerns about a global supply surplus. In European markets, Brent held steady around US$62 per barrel after strengthening by around 1.7% in the previous session. Attention remains focused on developments in Venezuela following the fall of Nicolás Maduro, including planned talks between industry leaders and Washington regarding the future...
Gold prices rose slightly on Tuesday (January 6) to a near one-week high, supported by safe-haven demand amid rising geopolitical tensions over the US arrest of Venezuelan President Nicolas Maduro and growing expectations of a US interest rate cut. Spot gold prices rose 0.1% to $4,452.60 an ounce, as of 0946 GMT, after rising nearly 3% in the previous session. Bullion hit a record high of $4,549.71 on December 26, ending the year with a 64% gain, its best annual performance since 1979. US gold futures for February delivery rose 0.3% to $4,462.60. "Gold prices were supported by rising...
Oil prices fell on Friday (January 2), the first trading day of 2026, after posting their biggest annual loss since 2020, as investors weighed oversupply concerns against geopolitical risks, including the war in Ukraine and Venezuelan exports. Brent crude futures closed down 10 cents at $60.75 a barrel, while U.S. West Texas Intermediate crude fell 10 cents to $57.32. Russia and Ukraine accused each other of attacks on civilians on New Year's Day despite talks led by U.S. President Donald Trump aimed at ending the nearly four-year war. Kyiv has stepped up attacks on Russian energy...
Gold and silver steadied at the beginning of the year after their best annual performances since 1979 as traders assessed the reweighting of a benchmark commodity index that starts next week. Bullion gained as much as 1.9% on Friday before paring most gains during US hours. Silver eased after earlier climbing as much as 4%. While traders have flagged the metals could do well this year on further US interest-rate cuts and dollar weakness, there's concern that a broad index rebalancing might pressure prices in the near term. Given the metals have rallied, passive tracking funds may sell some...
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...