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...
Gold (XAU/USD) prices moved lower to around $2,795 during the early Asian session on Monday (03/02). The yellow metal faced pressure from a stronger Greenback after US President Donald Trump imposed tariffs over the weekend. On Saturday, Canada was informed that the United States would impose 25% tariffs on Canada and Mexico while China would be slapped with 10% tariffs. Canadian energy will be subject to a 10% tariff, according to CTV. The tariffs will go into effect on Tuesday. Canada, Mexico, and China have vowed to respond to the new broad tariffs on their exports to the US...
Silver prices (XAG/USD) recovered most of their losses in the European session on Friday (1/31). The white metal bounced back strongly as its outlook remains strong amid concerns that US President Donald Trump will impose 25% tariffs on Canada and Mexico. Donald Trump has also threatened to impose 100% tariffs on BRICS in an attempt to create a new currency to reduce their dependence on the US Dollar. Source: Newsmaker.id
Gold price is currently moving in the $2794 area after touching its ATH high yesterday at $2800.Gold rose to a record high as investors flocked to safe haven assets after US President Donald Trump repeated his threat to impose tariffs on Mexico and Canada and also fears that his promises to cut taxes and overhaul immigration could erode US finances and reignite inflation. Federal Reserve Chairman Jerome Powell said on Wednesday that the US central bank is in a "wait and see" mode regarding the potential impact of the new administration's policies. Source: Newsmaker.id
Silver (XAG/USD) price snapped its three-day winning streak, trading around $31.30 per troy ounce during Asian trading hours on Friday (1/31). Daily chart analysis shows continued bullish bias for the precious metal, as its price continues to rise within an ascending channel pattern. Source: Newsmaker.id
Gold rose to a record high as investors flocked to safe havens after U.S. President Donald Trump repeated threats to impose tariffs on Mexico and Canada. Bullion rose as much as 0.2% to $2,799.65 an ounce after prices jumped 1.3% on Thursday, surpassing their previous all-time high set in October. The surge came after Trump said he would follow through with a 25% levy on imports from Canada and Mexico on Feb. 1. He also threatened China with tariffs, without specifying the level. Source: Newsmaker.id