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 prices fell below $31 an ounce on Thursday (4/10), after extending gains for a second session as commodities bounced back after Trump's reversal of his tit-for-tat tariff policies. Meanwhile, minutes from the latest FOMC meeting revealed that most officials expressed concerns about the risk of stagflation. They also flagged the potential consequences of Trump's trade policies on the Fed's dual mandate of price stability and maximum employment. Source: Newsmaker.id
Silver prices rose above $31 an ounce on Thursday, extending gains for a second session as commodities bounced back after Trump's reversal of his tit-for-tat tariff policy. Trump lowered new tariffs on imports from most U.S. trading partners to 10% for 90 days to allow for trade negotiations. However, major Chinese consumers remain subject to steep 125% tariffs amid ongoing tit-for-tat escalations between Washington and Beijing—maintaining a level of geopolitical and economic uncertainty that continues to support safe-haven demand. Source: Newsmaker.id
Gold prices rose more than 2% on Thursday (10/4) during the European session, extending the previous session's sharp rise, as a weaker dollar and an escalating trade war between the US and China prompted investors to turn to the precious metal as a safe haven asset. Part of the dollar pressure was the result of falling US Treasury yields in Asian and European trade. The dollar weakened even as a sharp sell-off in Treasuries caused yields to rise. Meanwhile, US President Donald Trump said yesterday that he would temporarily lower large import duties on dozens of countries, but raised...
Silver (XAG/USD) prices continued to rise for the second straight day, trading near $31.10 per troy ounce during the Asian session on Thursday. The grey metal surged nearly 4% in the previous session, boosted by renewed safe-haven demand amid escalating US-China trade tensions.As of this writing, Silver is trading at $31,054 Source: Newsmaker.id
Silver (XAG/USD) prices rose nearly 2% on Wednesday (4/9). The white metal strengthened as the US dollar (USD) fell amid concerns that the escalating trade war between Washington and Beijing could tip the US economy into recession. Financial market participants are concerned that President Donald Trump's imposition of a 104% tariff on Chinese imports for pouring drugs into the US and his retaliatory tariffs will limit purchases of Chinese goods by US companies. Source: Newsmaker.id