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Commodities

Weekly market recap: Markets React to U.S.–China Trade and Fed Policy Shifts

The U.S. dollar posted weekly gains, supported by hawkish Federal Reserve commentary and improving trade relations between Washington and Beijing. The dollar index, which measures the greenback against a basket of major currencies, rose 0.4% to a three-week high at the start of last week and ended the week up …

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Oil Rebounds as OPEC+ Output Plans and Record U.S. Production Set the Stage for December Volatility

West Texas Intermediate (WTI) crude oil prices edged higher on Friday, rebounding to around $60.50 per barrel after two days of subdued trading. The modest recovery reflected a temporary lift in sentiment across energy markets, even as broader concerns about oversupply kept gains in check ahead of the upcoming OPEC+ …

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Gold slips in Asia, set for a second weekly loss as Fed caution and easing U.S.–China tensions sap haven demand

Gold fell in Asian trade on Friday, putting the metal on course for a second straight weekly decline, after the Federal Reserve struck a cautious tone on further rate cuts and signs of easing U.S.–China trade tensions tempered safe-haven flows. Spot gold dipped 0.4% to $4,008.65/oz by 01:49 ET (05:49 …

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Global Currencies Brace for Key Inflation Data as Dollar Surges to Two-Month High

The US dollar extended its post-Fed rebound, reaching a two-month high as investors weighed the Federal Reserve’s cautious tone and the ongoing stalemate over the government funding deal. The strong greenback set the tone across major currencies, while traders turned their focus to inflation readings from Japan and the euro …

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Trump and Xi Strike Truce: Tariffs Cut for Fentanyl Crackdown, Rare Earths Reprieve

In a high-stakes meeting in Busan, South Korea, U.S. President Donald Trump and Chinese President Xi Jinping reached a deal that signals a temporary easing of trade tensions between the world’s two largest economies. The agreement, struck after nearly two hours of talks, includes a U.S. decision to reduce tariffs …

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U.S.–China trade pact could be signed “as soon as next week,” says Bessent

A U.S.–China trade agreement could be finalized as early as next week, according to U.S. Treasury Secretary Scott Bessent, speaking a day after President Donald Trump’s meeting with Chinese President Xi Jinping. Bessent said the “Kuala Lumpur agreement” was completed overnight and indicated both sides may exchange signatures within days. …

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