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 trimmed earlier gains on Thursday after U.S. weekly jobless claims unexpectedly fell, while investors awaited key inflation data that could shape the Federal Reserve's next interest rate move. Spot gold rose 0.1% to $3,739.42 an ounce, as of 1:41 p.m. EDT (1741 GMT), after rising as much as 0.6% earlier in the session. Prices hit a record high of $3,790.82 on Tuesday. U.S. gold futures for December delivery closed 0.1% higher at $3,771.1. The number of Americans filing new applications for unemployment benefits fell last week, but the labor market has lost traction amid sluggish...
Gold trimmed gains on Thursday (September 25) after U.S. weekly jobless claims unexpectedly fell, while investors awaited key inflation data that could shape the Federal Reserve's next interest rate move. Spot gold rose 0.1% to $3,741.88 an ounce, as of 9:33 a.m. ET (13:33 GMT), after rising as much as 0.5% earlier in the session. Prices hit a record high of $3,790.82 on Tuesday. U.S. gold futures for December delivery rose 0.1% to $3,771.60. The number of Americans filing new applications for unemployment benefits fell last week, but the labor market has lost traction amid sluggish...
Silver traded above $44 an ounce on Thursday (September 25th), nearing a 14-year high, as increased industrial absorption and tighter physical availability outweighed stronger US macro data that lifted yields and the dollar. On the demand side, absorption from photovoltaic panels and electronics, where silver is difficult to substitute, has increased, supporting short-term consumption. On the supply side, most silver is produced as a byproduct of base metal mining and cannot expand quickly with prices; recent smelting and processing disruptions at major refining centers have reduced refined...
Gold prices held steady on Thursday with a slightly weaker dollar lending some support, while investors awaited key U.S. economic data for further insights into the Federal Reserve policy path. Spot gold was at $3,737.01 per ounce, as of 0347 GMT. U.S. gold futures for December delivery were unchanged at $3,767.90. The U.S. dollar index fell 0.1%, making greenback-priced bullion less expensive for overseas buyers. On Wednesday, San Francisco Federal Reserve Bank President Mary Daly said she "fully supported" the Fed's decision to cut its policy rate last week and expects further...
The Japanese Yen (JPY) attracts some buyers during the Asian session on Thursday and recovers a part of the previous day's heavy losses in reaction to the hawkish Bank of Japan (BoJ) expectations. In fact, Minutes from the BoJ's July meeting revealed that board members expect the central bank to keep hiking if inflation and the economy move as estimated. This underscores mounting pressure within the central bank to phase out the massive monetary stimulus. Apart from this, the cautious market mood turns out to be another factor driving some safe-haven flows towards the JPY. Meanwhile, the...
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...