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 is moving toward a record high, supported by two factors: expectations that the Fed will cut interest rates again this year and the escalation of US-China relations. Spot prices briefly reached a new peak of $4,179.70/oz and were last trading around $4,165/oz, after closing up 0.8% the previous session. US Treasury yields fell to their lowest level in weeks after Fed Chairman Jerome Powell signaled a quarter-point rate cut this month. Lower yields make non-coupon gold relatively more attractive. Silver also experienced a wild ride: it briefly broke a record above $53.54/oz before...
Oil prices fell on Tuesday (October 14th), closing 1.5% lower as the International Energy Agency (IEA) warned of a large oversupply by 2026, and due to ongoing trade tensions between the US and China, the world's two largest economies. Brent crude futures fell 93 cents, or 1.5%, to $62.39 a barrel. US West Texas Intermediate crude fell 1.3%, or 79 cents, to $58.70. Both contracts are at their lowest levels in five months. In the previous session, Brent closed 0.9% higher, and US WTI closed up 1%. The global oil market faces a larger surplus next year, as OPEC+ producers and their...
Gold hit a new record high above $4,100 on Tuesday (October 14), boosted by expectations of an interest rate cut this month by the US Federal Reserve and investors fleeing for safety amid escalating trade tensions between Washington and Beijing. Spot gold rose 0.9% to $4,145.85 per oz at 1:50 PM ET (17:50 GMT), after hitting a record high of $4,179.48 earlier in the session. US gold futures for December delivery rose 0.7% to close at $4,163.40. The precious metal has surged about 57% this year, breaking through $4,100 for the first time on Monday. The rally has been driven by a combination...
Oil prices plunged more than 2% on Tuesday as the International Energy Agency (IEA) warned of a significant oversupply by 2026, and due to ongoing trade tensions between the US and China, the world's two largest economies. Brent crude futures fell $1.38, or 2.2%, to $61.94 per barrel at 11:47 a.m. ET (15:47 GMT), while US West Texas Intermediate crude fell 2.1%, or $1.24, to $58.27. Both contracts are at their lowest levels in five months. In the previous session, Brent closed up 0.9%, and US WTI closed up 1%. "The renewed tensions between the US and China will also be a pressure point for...
Gold (XAU/USD) is taking a breather on Tuesday after surging to a fresh all-time high near $4,179 earlier in the day as safe haven demand remains supported amid intensifying US-China trade tensions, dovish Federal Reserve (Fed) expectations, and growing uncertainties across major economies. At the time of writing, XAU/USD is holding firm near $4,125 after a sharp intraday drop from record highs to $4,090. Traders have locked in partial gains following an overextended rally. However, the downside remains cushioned as fears of a prolonged trade standoff between the world's two largest...
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...