U.S. President Donald Trump announced Monday evening on Truth Social that Israel and Iran have agreed to a "Complete and Total CEASEFIRE" following what he referred to as "THE 12 DAY WAR." According to Trump's post, the ceasefire will begin approximately six hours after his announcement, when both nations have "wound down and completed their in progress, final missions." The agreement stipulates a 12-hour initial ceasefire period initiated by Iran, followed by Israel joining the ceasefire at the 12th hour. Trump stated that upon the 24th hour, there will be an "Official END" to the...
Gold (XAU/USD) prices moved higher during the Asian session on Tuesday and seemed to build on overnight gains from the $2,615-$2,614 area, despite lacking bullish conviction. Expectations that US President-elect Donald Trump's proposed tariffs and protectionist policies could reignite inflation seemed to benefit the commodity's status as a hedge against rising prices. Moreover, persistent geopolitical risks stemming from the prolonged Russia-Ukraine war and tensions in the Middle East supported the safe haven precious metal. Meanwhile, prospects of a slower pace of interest rate cuts by...
Oil prices extended losses into a second straight session on Tuesday on a technical correction after last week's rally, while expectations of abundant supplies and a strong dollar also weighed. Brent crude futures were down 28 cents, or 0.37%, at $76.02 a barrel by 0148 GMT, while U.S. West Texas Intermediate (WTI) crude was down 33 cents, or 0.45%, at $73.23. Both benchmarks rose for five straight days last week and ended at their highest levels since October on Friday, partly on expectations of more fiscal stimulus to revitalize China's faltering economy.(AL) Source: Investing.Com
Oil prices edged lower in Asian trade on Tuesday, extending losses from the previous session as weak U.S. and European economic data raised some questions about the demand outlook. But prices remained near three-month highs, boosted by bets that cold weather in the U.S. and Europe will help boost near-term demand. Hopes for more stimulus measures in top oil importer China also continued to factor into prices, with focus shifting to upcoming inflation data from the country this week. Brent crude for March delivery fell 0.3% to $76.08 a barrel, while West Texas Intermediate crude fell 0.4%...
The EUR/USD pair weakened near 1.0380 on Tuesday (1/7) during Asian trading hours. The greenback moved higher after President-elect Donald Trump said that his tariff policies will not be reduced. Traders are gearing up for the preliminary Eurozone Harmonized Consumer Price Index (HICP) and the US ISM Services Purchasing Managers' Index (PMI) for December, due on Tuesday. Trump denied a Washington Post report that his aides were considering narrowing his tariff plans to only apply to a limited number of essential imports. Traders will be closely monitoring developments surrounding Trump's...
Oil prices eased in volatile trade on Monday as some bearish economic news from the United States and Germany offset bullish support from a weaker U.S. dollar and forecasts for increased heating demand for energy from a winter storm. After rising for five days in a row, Brent futures fell 21 cents, or 0.3%, to settle at $76.30 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 40 cents, or 0.5%, to settle at $73.56. Despite those declines, both crude benchmarks remained in technically overbought territory for a third day in a row. On Friday, Brent settled at its highest level...
U.S. President Donald Trump announced Monday evening on Truth Social that Israel and Iran have agreed to a "Complete and Total CEASEFIRE" following what he referred to as "THE 12 DAY...
Gold moved above $2600 on Monday during the Asian trading session. Currently, Gold is still struggling to capitalize on last week's modest recovery from a one-month low and is fluctuating.
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