Gold prices dipped slightly in Asian trading on Wednesday, with spot gold down 0.2% at $2,929.02 an ounce, while gold futures for April delivery fell 0.1% to $2,946.22 an ounce by 00:27 ET (05:27 GMT). Despite the decline, gold remains near all-time highs, as markets weigh the impact of Trump’s …
Read More »Oil Prices Rise After Drone Attack on Russian Pipeline, Supply Outlook Limits Gains
Oil prices extended gains on Tuesday following a drone attack on a Russian oil pipeline pumping station, which disrupted crude flows from Kazakhstan. However, expectations of rising supply limited further price increases. Brent crude futures climbed 0.6% to $75.66 per barrel by 10:14 GMT, while U.S. West Texas Intermediate (WTI) …
Read More »Gold Holds Strong Despite Dollar Rebound and Trade Uncertainty
Gold prices remained on an upward trajectory in Asian trading on Tuesday, maintaining their strength despite a recent rebound in the U.S. dollar. Uncertainty over trade tariffs and interest rate policies continued to support demand for the precious metal as a safe-haven asset. Market Drivers Gold prices found support from …
Read More »Market Drivers; US Session
Dollar Drifts as Markets Await Data and Central Bank SignalsThe US Dollar Index (DXY) remained subdued, fluctuating around multi-week lows below 107.00 amidst a quiet FX market. This week’s economic calendar includes the NAHB Housing Market Index, NY Empire State Manufacturing Index, and TIC Flows. Speeches from Fed officials Waller, …
Read More »Commodity At Crossroads Amid Trade Wars, Supply Shocks
Global commodity markets are facing a confluence of factors, pushing prices to multi-year highs. Trade tensions, supply disruptions, and weather patterns are creating a volatile environment, demanding close attention. A broad commodity index has surged nearly 8% this year, reaching its highest point in two years, fueled by renewed price …
Read More »Gold prices Edge Higher Amid Trade Tensions
Gold prices are currently experiencing a tug-of-war, caught between profit-taking and the lingering potential for escalating trade tensions. While the precious metal has recently drifted lower with the Asian trading hours on Monday, and was hovering around $2,880, its trajectory remains intertwined with global economic uncertainties, particularly those related to …
Read More »Tariff Update: The Trajectory of Trump’s New Tariffs
In recent days, the U.S. administration has signed an order on reciprocal tariffs shortly after imposing new duties on aluminum and steel. These measures aim to reshape the nation’s trade policy using tariffs, a favored economic tool of the administration.Latest Developments: While the administration has temporarily paused the planned 25% …
Read More »Oil Prices Steady as Investors Monitor Russia-Ukraine Peace Talks and Trade War Risks
Oil prices saw little change on Monday as markets closely watched Russia-Ukraine peace negotiations and potential U.S. tariff actions that could impact global trade. Market Overview: Brent crude futures: -0.11% to $74.66 per barrel (1202 GMT) WTI crude futures: -0.07% to $70.69 per barrel Key Market Drivers: 1. Russia-Ukraine Peace …
Read More »Oil Prices Steady as Markets Watch Russia-Ukraine Peace Talks
Oil prices remained largely unchanged on Monday as investors assessed the impact of potential Russia-Ukraine peace talks on global supply flows. Latest Price Movements (as of 07:40 GMT): Brent crude futures ↓ 1 cent to $74.73 per barrel WTI crude futures ↓ 7 cents to $70.67 per barrel Key Market …
Read More »Gold Prices Edge Higher Amid Tariff and Geopolitical Uncertainty
Gold prices remained firm on Monday, hovering just below record highs, as uncertainty over U.S. trade policies and interest rates kept safe-haven demand intact. Key Price Movements (as of 00:35 ET / 05:35 GMT): Spot gold ↑ 0.6% to $2,901.21 per ounce Gold futures (April) ↑ 0.3% to $2,910.70 per …
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