Oil prices held steady on Wednesday, as traders remained cautious ahead of U.S. President Donald Trump’s tariff announcement at 2000 GMT. Concerns over potential trade war escalation and slower global demand for crude kept markets in check. Brent crude futures fell $0.07 (-0.09%) to $74.42 per barrel by 08:58 GMT. …
Read More »European Stocks Decline as Investors Await Clarity on Trump’s Tariffs
European equity markets opened lower on Wednesday, as investors remained cautious ahead of the anticipated tariff announcement by the Trump administration. Markets are seeking more clarity on the scale and impact of the proposed trade barriers, which could significantly affect global trade and economic growth. European Markets at a Glance …
Read More »Gold Eases from Record High as Markets Await Trump’s Tariff Details
Gold prices edged lower in Asian trading on Wednesday, retreating slightly after hitting an all-time high in the previous session, as traders remained cautious ahead of U.S. President Donald Trump’s April 2 tariff announcements. Gold Market Performance Spot gold (XAU/USD) fell 0.3% to $3,116.24 per ounce by 00:57 ET (04:57 …
Read More »Gold Prices Retreat After Soaring Past $3,130 as Manufacturing Stumbles
Gold prices are down -0.52%, trading around $ 3,107 per ounce, at the time of writing. Earlier during the North American session, the precious metal was stealing the spotlight once again, with spot prices climbing above $3,130 per ounce in a remarkable rally. The surge came on the heels of …
Read More »Gold Hits New Record High Amid Market Uncertainty Over U.S. Tariffs
Gold prices surged to an all-time high in Asian trading on Tuesday, driven by rising safe-haven demand as investors braced for upcoming tariff announcements from U.S. President Donald Trump. Gold’s Record-Breaking Rally Spot Gold rose 0.7% to $3,148.10 per ounce, marking its highest level ever. Gold Futures (June) gained 0.3% …
Read More »Gold Soars to Record Heights: Safe-Haven Surge Amid Trump Tariff Tensions
Gold prices shattered records on Friday, surging to an all-time high of $3,086 as investors flocked to the safe-haven metal amid escalating global trade uncertainty and shifting U.S. monetary policy expectations. The XAU/USD pair traded at $3,079, marking a robust 0.79% gain, fueled by a weakening U.S. dollar and sliding …
Read More »Oil Prices Teeter Amid Recession Fears, Yet Secure Third Weekly Win
In a volatile dance of global economics, oil prices dipped on Friday as concerns mounted over a potential recession triggered by escalating U.S. tariff wars. Despite the late-week stumble, crude managed to notch its third consecutive weekly gain, buoyed by intensified U.S. pressure on OPEC heavyweights Venezuela and Iran. Brent …
Read More »Trump’s Tariff Tango: A New Tune with Canada’s PM Amid Global Trade Tensions
In a surprising twist to the escalating tariff drama, U.S. President Donald Trump struck an optimistic chord on March 28, 2025, after what he called an “extremely productive” first phone call with Canada’s newly minted Prime Minister, Mark Carney. The conversation, detailed in a glowing post on Trump’s Truth Social …
Read More »European Stocks Fall as Auto Tariffs Weigh on Market Sentiment
European stock markets declined on Friday, as Trump’s 25% auto tariffs continued to pressure the region’s crucial automobile sector and dampen investor confidence. Key Index Movements Germany’s DAX: ↓ 0.5% France’s CAC 40: ↓ 0.6% UK’s FTSE 100: ↓ 0.3% Auto Sector Under Pressure The Trump administration’s tariffs on auto …
Read More »Gold Hits Record High Amid Trade War Fears, Markets Eye Inflation Data
Gold surged to an all-time high in Asian trading on Friday, driven by increased safe-haven demand after U.S. President Donald Trump imposed steep tariffs on the auto sector. Gold Extends Gains as Trade Uncertainty Rises Spot gold climbed 0.6% to $3,073.79/oz, after touching a record $3,077.67/oz earlier. Gold futures (May …
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