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 surged past $3,700 an ounce for the first time on Tuesday (September 16th) as rising bets on a Federal Reserve rate cut this week fueled a rally fueled by safe-haven demand, central bank buying, and a weaker dollar. Spot gold rose 0.2% to $3,687.67 an ounce after hitting a record high of $3,702.95 earlier in the session. U.S. gold futures for December delivery rose 0.1% to $3,724. "Global growth uncertainty and geopolitical risks continue to keep safe-haven demand high, but gold's rally is largely driven by anticipation of aggressive interest rate cuts from the Federal Reserve," said...
Oil prices rose more than a dollar a barrel on Tuesday (September 16th), as traders weighed the possibility of disruptions to Russian supplies from Ukrainian drone attacks on its ports and refineries, and awaited the Federal Reserve's decision on U.S. interest rates. Brent crude futures closed up $1.03, or 1.5%, at $68.47 a barrel. U.S. West Texas Intermediate crude rose $1.22, or 1.9%, to $64.52 a barrel. Transneft, Russia's oil pipeline monopoly, has warned producers it may have to cut production, opens new tab, following Ukrainian drone attacks on key export ports and refineries,...
Oil prices rose as pressure on Russia's oil industry and the escalating conflict in the Middle East intensified. West Texas Intermediate (WTI) crude rose as much as 2% to $64 per barrel after Reuters reported that Russia's Transneft pipeline, which handles more than 80% of the country's oil, had restricted the company's ability to store crude. Ukraine attacked another Russian refinery overnight as Western nations considered new sanctions in an attempt to pressure President Vladimir Putin to the negotiating table. Ukrainian military forces have intensified drone attacks on Russian energy...
Gold surged past $3,700 an ounce for the first time on Tuesday as rising bets on a Federal Reserve rate cut this week fueled a rally fueled by safe-haven demand, central bank buying, and a weaker dollar. Spot gold rose 0.3% to $3,690.59 an ounce, as of 10:49 a.m. ET (1449 GMT), after hitting a record high of $3,702.95 earlier in the session. U.S. gold futures for December delivery rose 0.2% to $3,727.50. "Global growth uncertainty and geopolitical risks continue to keep safe-haven demand high, but gold's rally is largely driven by anticipation of aggressive interest rate cuts from the...
Gold appreciated for the third consecutive day on Tuesday as the US dollar tanked amid hopes of a dovish turn by the Fed on Wednesday. The US Dollar Index has dropped to fresh two-month lows, which buoys the precious metal to fresh record highs right below $3,700. Recent US data has highlighted a sharp deterioration of the labour market while inflation remains moderate. Speculation that the n¡bank might be behind the curve with rate cuts has boosted hopes that the bank will announce a widely expected quarter-point cut on Wednesday and hint at further easing down the road. Source: Fxstreet
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...