Commodities

In a recent interview with CNBC, President Donald Trump made several key announcements regarding U.S. economic policy, including his thoughts on the Federal Reserve chairmanship, new tariffs, and ongoing international trade negotiations. Fed Chair AppointmentTrump confirmed that Scott Bessent has declined consideration for the role of Federal Reserve Chair, sparking …

Oil prices remained little changed on Tuesday as traders weighed the impact of rising supply from OPEC+ and concerns about weaker global demand, against U.S. President Donald Trump’s threats to impose tariffs on India over its Russian oil imports. OPEC+ Boosts Production Amid Supply Concerns The Organization of the Petroleum …

Gold prices held steady on Tuesday after three consecutive days of gains, buoyed by growing expectations that the Federal Reserve will implement a rate cut in September. This sentiment was further fueled by concerns over the U.S. economy and escalating trade tensions, which continue to provide support for safe-haven assets …

Gold prices held firm above $3,350 on Monday, buoyed by a faltering US dollar and mounting expectations of a Federal Reserve interest rate cut in September. The precious metal traded around $3,375 during US market hours, recovering from an intraday dip to $3,345. A disappointing US jobs report and rising …

Shares of BP (LON:BP) (NYSE:BP) rose on Monday after the energy giant announced a significant oil and gas discovery offshore Brazil, marking the company’s largest find in 25 years. The discovery was made in the Santos basin, located in a deepwater pre-salt region, which is known for being one of …

Spot Gold: $3,360.26 per ounce (unchanged) Gold Futures (December): $3,412.70 per ounce (up 0.2%) Key Highlights: Gold’s Recent Rally: Gold prices saw a 2% jump on Friday, recovering from earlier losses, thanks to weaker-than-expected U.S. labor data and expectations for interest rate cuts by the Federal Reserve. The U.S. nonfarm …

The trading week ending July 29 was marked by significant market-moving events, most notably the Federal Reserve meeting, labor market and inflation data, U.S. economic growth figures, and developments in the Trump administration’s trade policy. The Federal Reserve opted to keep interest rates unchanged last Wednesday, while signaling a continued …

West Texas Intermediate (WTI) Crude Oil experienced a sharp 3.03% drop on Thursday, August 1, 2025, closing at $67.25 per barrel, down from its previous close of $69.35. This decline erased much of the week’s earlier gains, though WTI remains up approximately 2.25% week-to-date. The sell-off, which saw prices dip …

Energy titans ExxonMobil and Chevron reported significant profit declines for the second quarter, driven by a sharp drop in crude oil prices. ExxonMobil’s net income fell 23% year-over-year to $7.08 billion, while Chevron’s profits plummeted 44% to $2.49 billion. The slump in oil prices, which dipped below $60 per barrel, …

In a bold move that has sent ripples through global markets, U.S. President Donald Trump has imposed hefty tariffs on 69 trading partners, effective August 1, 2025, after they failed to meet his deadline for submitting trade deal proposals. The tariffs, ranging from 10% to 41%, mark the culmination of …