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 U.S. dollar was choppy on Tuesday, as investors attempted to gauge the longevity of a flare-up in trade tensions between the U.S. and China. U.S. President Donald Trump has appeared to rein in his strident rhetoric about China in recent days, after previously saying he would slap triple-digit tariffs on the country following Beijing's move to expand its restrictions on exports of critical rare earth materials. Despite signs of the White House assuming a more conciliatory stance, some concerns have continued to swirl around the intractable nature of the trade spat between the world's...
Silver price (XAG/USD) maintains its position after retreating from a fresh record high of $53.77, currently trading around $52.40 per troy ounce during the European hours on Tuesday. Silver prices climbed as a historic short squeeze in London intensified a rally driven by soaring demand for safe-haven assets. The price of the grey metal surged amid growing concerns over liquidity shortages in London, prompting some traders to secure cargo space on transatlantic flights for Silver bars, an unusually costly transport method typically reserved for Gold, in a bid to capitalize on higher prices...
Gold prices fell to $4,090 ahead of the European session on Tuesday after briefly reaching an all-time high of $4,179. This occurred as market participants cautiously awaited a speech by Fed Chairman Jerome Powell. With expectations that Powell might signal that the US central bank will remain cautious or cautious in easing interest rates, demand for safe-haven assets like gold has been depressed. Amidst sensitive market conditions, a slight change in tone from Powell could trigger a sharp reaction. Furthermore, the strengthening of the US dollar also weighed on gold prices because gold is...
Gold rises in the early Asian session, buoyed by the bullish fundamental backdrop. The BofA Global Research team expects further upside in 2026, with gold and silver potentially rising to $5,000/oz and $65/oz, respectively. "White House's unorthodox policy framework should remain supportive for gold," the team says in a research report, citing drivers including fiscal deficits, rising debt, and a push to cut rates. Spot gold is 0.5% higher at $4,131.72/oz after earlier touching a record intraday high of $4,132.04/oz. Source: Dow Jones Newswires
Oil steadied after paring a slump in the week's opening session, as investors weigh the fallout of renewed US-China trade tensions against demand. West Texas Intermediate traded near $60 a barrel after gaining 1% in the previous session — following a 4.2% plunge on Friday — while Brent closed just above $63. US president Donald Trump eased his rhetoric against China after touting a fresh round of US tariffs and export curbs late last week and flagged openness to a deal with Beijing. The resumption of the trade conflict between the two biggest oil users has introduced fresh...
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...