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...
A Bloomberg gauge of the dollar dropped amid a fragile ceasefire between Iran and Israel. The US currency trimmed losses after Federal Reserve Chair Jerome Powell said that the central bank is in no rush to lower borrowing costs. The Bloomberg Dollar Spot Index falls 0.4% and trades off day's low; still heads for its biggest daily decline since June 12 as options sentiment sours on US currency. Powell in prepared remarks to Congress ahead of testimony later Tuesday: "For the time being, we are well positioned to wait to learn more about the...
Oil tumbled nearly 4%, global shares surged and the dollar dropped on Tuesday as markets took heart from a ceasefire between Israel and Iran and shrugged off what U.S. President Donald Trump said were violations by both sides. Brent futures had already slid 7% on Monday and U.S. shares jumped after Iran made only a token retaliation against a U.S. base to an attack over the weekend, and signalled it was done for now. With the immediate threat to the vital Strait of Hormuz shipping lane seemingly over, the Brent benchmark touched its lowest since June 11 and was last at $68.81 a barrel,...
Gold dropped more than 1% to touch a two-week low on Tuesday, after President Donald Trump's announcement of a ceasefire between Israel and Iran diminished bullion's safe-haven appeal. Spot gold was down 1.2% to $3,326.87 an ounce, as of 0852 GMT, after hitting its lowest level since June 11 earlier in the session. U.S. gold futures slipped 1.6% to $3,339.40. "Gold prices are trending lower today, driven by a shift towards greater risk appetite, as optimism grows over a potential end to hostilities in the Middle East," said Ricardo Evangelista, senior analyst at the brokerage firm...
The U.S. dollar fell on Tuesday after President Donald Trump announced a ceasefire between Israel and Iran, in news that sparked a risk rally and a sharp drop in oil prices. Trump announced a complete ceasefire between Israel and Iran, potentially ending the 12-day conflict that led millions of people to flee Tehran and prompted fears of further escalation in the war-torn region. Israel has agreed to Trump's proposal, saying it has achieved its goal of removing Tehran's nuclear and ballistic missile threat. The yen and euro benefited from a sharp fall in oil prices as both the European...
Oil fell as U.S. President Donald Trump announced a ceasefire between Iran and Israel. Brent futures plunged more than 5%, falling below $68 a barrel, as Israel said it had agreed to the move. The decline — which followed a volatile session on Monday that ended with a sharp loss — took prices below levels seen on June 12, the day before Israel attacked Iran. Gold fell as demand for safe-haven assets declined. In a move that would lower the risk premium on crude, Trump first said that Israel and Iran had agreed to a "total ceasefire," according to a Truth Social post, then followed up by...
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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