Gold prices extended strong gains in Asian trading on Tuesday, as a renewed wave of U.S. tariff announcements underpinned safe-haven demand for the metal, while investors remained on edge ahead of the Federal Reserve’s policy decision later in the day. Spot gold rose 1% to $3,366.95 per ounce by 02:16 …
Read More »Bitcoin Slips as Trade Tensions and Economic Uncertainty Cap Momentum
Bitcoin prices edged lower on Tuesday, continuing to trade within a narrow range as market participants remained cautious amid renewed concerns over U.S. trade tariffs and signs of a potential economic slowdown. The world’s largest cryptocurrency fell 0.4% to $94,375.7 as of 01:32 ET (05:32 GMT), extending its rangebound performance …
Read More »Oil Prices Rebound Over 1% After Six-Day Slump, But Surplus Concerns Linger
Oil prices rose on Tuesday, recovering slightly from sharp losses in the previous session as traders took advantage of lower prices and returning Chinese markets supported buying sentiment. Brent crude rose $0.92 to $61.15 a barrel by 03:09 GMT. WTI crude gained $0.89 to $58.02 a barrel. Key Drivers: Monday’s …
Read More »European Stocks Steady as Markets Await US-China Trade Developments and Fed Meeting
European shares traded largely flat on Monday, with investors focused on upcoming U.S.-China trade talks, key corporate earnings, and the U.S. Federal Reserve’s policy decision later this week. STOXX 600 index: Up 0.1% as of 08:29 GMT, breaking above its April 2 level for the first time since U.S. President …
Read More »Oil Prices Drop Sharply as OPEC+ Announces Large Output Increase
Oil prices fell significantly in Asian trading on Monday, after OPEC+ surprised markets by announcing a bigger-than-expected production hike for June. This development added to ongoing concerns about a supply glut and weakening global demand. Brent crude fell by 3.6% to $59.10 per barrel West Texas Intermediate (WTI) dropped by …
Read More »Bitcoin Slips in Quiet Trade as Market Awaits Clearer U.S.-China Signals
Bitcoin dipped in low-volume trading on Monday, with most Asian markets closed for holidays and sentiment subdued by mixed signals around U.S.-China trade relations. Bitcoin fell 1.7% to $94,437.8 by early Asia hours, remaining in the $92K–$97K range it has been stuck in for a week. Key Drivers: Trump’s Trade …
Read More »Gold Rebounds Modestly as Dollar Weakens, But Trade Optimism and Fed Caution Limit Upside
Gold prices edged higher in early Asian trading on Monday, recovering from last week’s losses as the U.S. dollar softened. However, gains were capped by growing optimism around potential U.S.-China trade talks and investor caution ahead of this week’s Federal Reserve policy meeting. Spot Gold rose 0.5% to $3,255.95 per …
Read More »Gold Edges Higher as Dollar Softens, but Weekly Loss Looms Amid Trade Optimism
Gold prices rose modestly in Asian trading on Friday, buoyed by a slight pullback in the U.S. dollar ahead of key labor market data, although the metal remained on track for a weekly loss amid signs of easing trade tensions between the U.S. and China. As of 01:53 ET (06:53 …
Read More »Dollar Rallies as Trade Optimism Grows, Yen Weakens on BOJ Outlook, Focus Shifts to U.S. Jobs Data
The U.S. dollar extended its recovery on Thursday, posting broad gains as optimism grew over potential tariff agreements between Washington and several of its key trading partners. While trading volumes were thinner due to the May Day holiday across many global markets, the greenback saw renewed technical buying after being …
Read More »Oil Prices Edge Higher on China Trade Talk Hopes, But Weekly Losses Loom Amid Demand Concerns
Oil prices gained ground in Asian trading on Friday as signs of a potential thaw in U.S.-China trade tensions revived some optimism in the energy markets. China’s Commerce Ministry said it was open to engaging in trade discussions with the United States, helping crude rebound from recent losses. At 02:11 …
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