Oil prices remained largely unchanged after the US and China extended a tariff ceasefire until November 10, easing fears of a trade war that could depress energy demand. Brent fell to $66.27 and WTI to $63.51 per barrel. The market now awaits the Trump-Putin meeting on Friday to discuss peace in Ukraine, amid US pressure on Russian oil buyers. The outcome could determine the direction of oil prices going forward.Brent oil prices were at $66.41/Try Once at the time of writing. DISCLAIMER Note: This article is analytical only and is not a definitive reference. Pay attention to developments...
Silver edged up in early Asian trade to $31.5 an ounce on Tuesday, near its highest since early December as trade war fears eased along with optimism over stronger demand for manufacturing inputs. US President Trump imposed immediate tariffs of 10% on China and 25% on Canada and Mexico, before delaying action on Mexico and easing concerns about how far the administration would go with protectionism. Source: Newsmaker.id
After hitting a new record high on Friday, the precious metal still has room to rise as the trade war boosts safe haven demand. Concerns about the impact of Trump's policies on the global economy have investors seeking valuable assets such as gold and the Japanese yen. This is what drove gold prices to touch $2,830 on Monday (3/2) At the time of writing, gold was at $2,815 Source: Newsmaker.id
Silver (XAG/USD) Prices were steady in early European trading on Monday (3/2). Fears of a global trade war have been growing following US President Donald Trump's massive tariff measures. The Silver Institute recently forecast a significant market deficit for the metal for the fifth consecutive year by 2025, driven by strong industrial demand and retail investment. These factors are expected to outweigh weaker consumption in silver jewelry and silverware. Source: Newsmaker.id
Gold (XAU/USD) prices steadied from most of their intraday losses and climbed back closer to the $2,800 mark in Europe on Monday (3/2). Bullion traded just below $2,790 an ounce, with the dollar surging beyond haven demand as the world braces for a trade war after President Donald Trump imposed tariffs on Canada, Mexico and China. Source: Newsmaker.id
Silver prices fell at the start of the Asian trading session on (03/2)This was driven by President Donald Trump imposing import tariffs from Canada, Mexico, and China, with the dollar soaring beyond demand for safe assets as the world prepares for a trade war. At the time of writing, Silver Prices were at $30,907 Source: \n This email address is being protected from spambots. You need JavaScript enabled to view it.