Commodities

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 …

Gold prices are clinging to the $3,300 mark as investors brace for the highly anticipated US Nonfarm Payrolls (NFP) report, set to release on Friday at 12:30 GMT. The precious metal, XAU/USD, remains under pressure from a robust US Dollar, which has gained momentum following the Federal Reserve’s hawkish decision …

Current Price Movement: Brent Crude: Up 19 cents (+0.26%) at $71.89 a barrel U.S. West Texas Intermediate (WTI): Up 20 cents (+0.29%) at $69.46 a barrel Weekly Performance: Brent on course for a 5% weekly gain, and WTI for a 6.6% weekly gain. Impact of U.S. Trade Tensions: U.S. Tariffs: …

Gold Prices: Spot gold inched up 0.2% to $3,396.25 an ounce, while Gold Futures were steady at $3,348.10/oz by 01:58 ET (05:58 GMT) on Friday. However, gold is heading for a third straight weekly loss, as a surging U.S. dollar dampens demand, despite the safe-haven demand spurred by escalating U.S. …

The U.S. dollar is riding a wave of momentum, stretching its gains into a sixth consecutive day and hitting fresh two-month highs. This surge comes as investors digest the latest central bank update and rising inflation data, all while bracing for tomorrow’s pivotal Nonfarm Payrolls release. The market is buzzing …

As the clock strikes 10:49 PM EEST on July 31, 2025, gold is riding a thrilling wave, climbing steadily since the U.S. trading session kicked off today. The precious metal has surged to $3,295 per ounce, marking a solid 0.6% gain from yesterday’s close of $3,275, as the U.S. dollar …

The Federal Reserve’s decision to maintain interest rates at 4.25%-4.5% on Wednesday, July 30, sent varied signals across major asset classes, from equities to cryptocurrencies. Announced amid economic uncertainty and political pressures from President Donald Trump, the decision, coupled with Fed Chai Jerome Powell’s cautious outlook, influenced markets in distinct …

Gold prices rebounded from one-month lows in Asian trade on Thursday, as escalating trade tariff concerns ahead of President Donald Trump’s looming deadline increased demand for safe-haven assets like gold. Gold Price Movements: Spot Gold rose 0.8% to $3,301.21 an ounce, marking a recovery after a recent dip. Gold Futures …

The price of West Texas Intermediate (WTI), the U.S. crude oil benchmark, rose to approximately $69.80 during Thursday’s early Asian trading session. WTI continues its upward trend, reaching its highest level in over a month, driven by market focus on U.S. President Donald Trump’s intensified pressure on Russia to end …