United States (US) President Donald Trump and Russian President Vladimir Putin concluded an initial face-to-face meeting in Alaska late Friday, with both parties delivering mutually inconclusive statements. Trump and Putin both delivered vague promises of "progress" on multiple fronts, but initial details remain light. Now, President Trump will be pivoting to hand-delivering Russia's peace proposals on Ukraine to both the Ukrainian and European Union government bodies. Key Putin highlightsMeeting has been long overdue.Ukraine situation was one of key issues.Ukraine war is a tragedy, great...
Silver prices dipped to around $32 per ounce on Monday, snapping a three-day rally as easing trade tensions reduced demand for safe-haven assets. The pullback followed US President Donald Trump's decision to exempt key technology products from his newly announced "reciprocal" tariffs, lifting global market sentiment. China's Commerce Ministry welcomed the exemptions as a "small step," while urging the US to fully remove the broader 145% levy on Chinese goods. Markets are now focused on upcoming trade negotiations between the US and major partners, including Japan, India, and South...
Oil steadied above a four-year low as traders weighed the latest U.S. moves in a trade war, as well as "constructive" talks between Washington and Tehran. Brent traded below $65 a barrel after a week of losses while West Texas Intermediate neared $62. While President Donald Trump paused tariffs on some electronics, he also indicated that specific tariffs would be announced in due course. Meanwhile, easing tensions with Iran could offer the prospect of increased supply. The weekend talks in Oman marked the first high-level engagement since 2022, and signaled renewed efforts to resolve a...
As U.S. President Donald Trump escalates his tariff war on the world, gold has been rallying alongside it to a series of record highs. The precious metal hit a new peak of $3,245.28 an ounce on April 11 and has gained 28% since bottoming out at $2,536.71 on Nov. 14, shortly after Trump's victory that returned him to the White House to begin his second term in January. In some ways, gold is doing what it's supposed to do. It's offering investors a safe haven from the chaos that has engulfed many financial markets since Trump's ill-fated "Liberation Day" tariff announcement on April 2. The...
The USD/CHF pair moved higher in early Asian trading on Monday (4/14), holding around the 0.8170 level after posting losses in the last two consecutive sessions. Market participants are eyeing the release of Swiss Producer and Import Prices for March, due later today. However, the USD/CHF pair's gains may be restrained as the Swiss Franc (CHF) continues to receive support from safe-haven demand amid escalating trade tensions between the United States and China. The renewed friction has rekindled fears of a global recession, prompting investors to move away from US assets. Late last week, a...
Silver (XAG/USD) attracted some sellers at the start of a new week and fell back below the $32.00 round figure during the Asian session on Monday (4/14). The white metal, for now, seems to have snapped its three-day winning streak to over one-week highs touched on Friday, although the technical setup supports prospects for some dip-buying at lower levels. Last week's breakout through the 50% Fibonacci retracement level of the recent slump from the March swing high to fresh YTD lows touched last week was seen as a key trigger for bullish traders. However, the subsequent move higher struggled...