Gold prices fell to $4,090 ahead of the European session on Tuesday after briefly reaching an all-time high of $4,179. This occurred as market participants cautiously awaited a speech by Fed Chairman Jerome Powell. With expectations that Powell might signal that the US central bank will remain cautious or cautious in easing interest rates, demand for safe-haven assets like gold has been depressed. Amidst sensitive market conditions, a slight change in tone from Powell could trigger a sharp reaction. Furthermore, the strengthening of the US dollar also weighed on gold prices because gold is...
Silver price (XAG/USD) maintains its position after retreating from a fresh record high of $53.77, currently trading around $52.40 per troy ounce during the European hours on Tuesday. Silver prices climbed as a historic short squeeze in London intensified a rally driven by soaring demand for safe-haven assets. The price of the grey metal surged amid growing concerns over liquidity shortages in London, prompting some traders to secure cargo space on transatlantic flights for Silver bars, an unusually costly transport method typically reserved for Gold, in a bid to capitalize on higher prices...
The U.S. dollar was choppy on Tuesday, as investors attempted to gauge the longevity of a flare-up in trade tensions between the U.S. and China. U.S. President Donald Trump has appeared to rein in his strident rhetoric about China in recent days, after previously saying he would slap triple-digit tariffs on the country following Beijing's move to expand its restrictions on exports of critical rare earth materials. Despite signs of the White House assuming a more conciliatory stance, some concerns have continued to swirl around the intractable nature of the trade spat between the world's...
Gold (XAU/USD) is taking a breather on Tuesday after surging to a fresh all-time high near $4,179 earlier in the day as safe haven demand remains supported amid intensifying US-China trade tensions, dovish Federal Reserve (Fed) expectations, and growing uncertainties across major economies. At the time of writing, XAU/USD is holding firm near $4,125 after a sharp intraday drop from record highs to $4,090. Traders have locked in partial gains following an overextended rally. However, the downside remains cushioned as fears of a prolonged trade standoff between the world's two largest...
Oil prices plunged more than 2% on Tuesday as the International Energy Agency (IEA) warned of a significant oversupply by 2026, and due to ongoing trade tensions between the US and China, the world's two largest economies. Brent crude futures fell $1.38, or 2.2%, to $61.94 per barrel at 11:47 a.m. ET (15:47 GMT), while US West Texas Intermediate crude fell 2.1%, or $1.24, to $58.27. Both contracts are at their lowest levels in five months. In the previous session, Brent closed up 0.9%, and US WTI closed up 1%. "The renewed tensions between the US and China will also be a pressure point for...