Oil prices rose in early Asian trading as tensions between the US and Venezuela escalated, according to a research note from analysts at Nanhua Futures. They cited S&P data showing a decline in tanker traffic to Venezuela, which could tighten supply flows and improve market sentiment.Analysts believe this geopolitical risk has the potential to support oil prices in the short term, while investors will monitor developments in US-Venezuela relations for potential triggers for further price movements. During the session, the front-month WTI contract rose 0.7% to $57.13 per barrel, and the...
Silver fell on Wednesday (07/05) as optimism US-China trade talks curbed demand for safe haven assets even as military hostilities between India and Pakistan escalated. US Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet with Chinese economic official He Lifeng in Switzerland later this week for discussions. Source: Newsmaker.id
Gold fell on Wednesday, snapping a two-day advance, as signs of progress in U.S.-China trade talks curbed demand for safe havens even as military hostilities between India and Pakistan escalated. The talks were the first since President Donald Trump imposed sweeping tariffs on China, raising optimism about a deal between the world's two largest economies. But Beijing has said it will not sacrifice its principled stance or international fairness in seeking any deal. The dollar strengthened against most major currencies. Source: Newsmaker.id
Gold (XAU/USD) rose sharply on Tuesday, supported by converging geopolitical conflicts, trade policy uncertainty and investor defensiveness ahead of the Federal Reserve's (Fed) interest rate decision on Wednesday and Chairman Jerome Powell's press conference.Investors are seeking protection from rising global risks and a weaker US Dollar (USD). Gold's rally reflects deepening global jitters.As of this writing, Gold is trading at $3,413 Source; newsmaker.id
Silver (XAG/USD) prices continued their gains for the second straight session, trading around $33.10 per troy ounce during Asian trading hours on Tuesday (06/05). Prices of precious metals, including Silver, rose as President Donald Trump's new tariff threats spurred demand for safe-haven assets. President Trump announced plans to direct the U.S. Trade Representative and the Commerce Department to begin imposing 100% tariffs on films produced overseas. Source: Newsmaker.id
Gold continued to rise in Europe on Tuesday (06/05) for the second straight day, as geopolitical tensions around the world continued to support investor demand for safe-haven assets. In the Middle East, Israel is increasingly preparing its ground offensive in the Gaza Strip with the aim of fully controlling the territory. In the United States (US), pressure is increasing on US President Donald Trump and his administration to finally announce the first trade deal. Trump and his cabinet have been very vocal about an imminent deal, with US Commerce Secretary Howard Lutnick saying that the...