Oil prices weakened following the Trump-Putin meeting in Alaska today. Brent fell 0.93% to $66.18/barrel at the time of writing.The market is weighing the possibility of a ceasefire in Ukraine, which could lead to the easing of Russian oil sanctions, versus a stalemate that risks triggering secondary US sanctions.Sentiment is also underscored by weak Chinese data (falling factory output, slowing retail sales) and concerns about a supply surplus as OPEC+ production increases. The IEA assesses that the market is likely oversupplied, making prices easily bearish. Oil prices at the time of...
Silver (XAG/USD) prices continued to hold Friday's gains near $32.30 during European trading hours on Monday (4/14). The white metal showed strength as the US Dollar (USD) continued to slide amid the escalating trade war between the United States (US) and China. China has raised import duties on US products to 125%, matching President Donald Trump's reciprocal tariff hike in retaliation. Such a scenario is not favorable for the US economy, given that the impact of higher tariffs will be borne by domestic importers. Such an event is expected to cause a significant decline in household...
Gold (XAU/USD) price declined after hitting a new record high on Monday (4/14) and traded with a mild negative bias around the $3,220 area during the first half of the European session. The positive sentiment around the equity markets prompted profit-taking around the precious metal amid slightly overbought conditions on the daily chart. Source: Newsmaker.id
Silver prices fell on Monday (4/14) as trade tensions eased after U.S. President Donald Trump exempted smartphones and computers from "reciprocal" U.S. tariffs. The White House announced exemptions from the high reciprocal tariffs on Friday. However, Trump reiterated on Sunday his administration's latest message that exemptions for smartphones and computers from its reciprocal tariffs on China would be short-lived. Source: Newsmaker.id
Gold tended to move sideways at the start of the Asian session on Monday (4/14) as the market considered the latest US trade news from President Donald Trump, who has turned to safe assets amid growing confusion over his tariff agenda. Source: Newsmaker.id
Silver rose above $32.10 an ounce on Friday (11/4). The metal also benefited from rising inflows into safe-haven assets, with the dollar losing some of its appeal as a traditional safe-haven asset. Despite the 90-day tariff suspension, investors remain uneasy about President Trump's trade policies and their potential to plunge the US economy into recession. Source: Newsmaker.id