Commodities

Gold prices surged in Asian trading on Wednesday, regaining ground above the $3,000 mark as investors flocked to safe-haven assets after U.S. President Donald Trump’s sweeping tariffs on China took effect. A weakening U.S. dollar further boosted demand for the yellow metal. As of 02:35 ET (06:35 GMT): Spot Gold …

Oil prices extended their losing streak to a fifth straight session on Wednesday, dropping to levels not seen since February 2021, as an escalating tariff war between the United States and China stoked fears of weakening global demand. At the same time, expectations of rising supply added further pressure to …

While the specter of a deepening U.S.-China trade war continues to loom large over the global economy, sending ripples of recession fears through financial markets, the oil market is exhibiting a slightly less dramatic picture than initially reported. Following a brutal Monday triggered by escalating tariff threats, Tuesday’s trading initially …

On April 8, 2025, the White House rolled out a significant escalation in its trade policy, announcing that a staggering 104% tariff on Chinese imports took effect at noon Eastern Time. White House Press Secretary Karoline Leavitt revealed the measure as a direct counterstrike to China’s imposition of 34% duties …

Tensions between the world’s two largest economies deepened on Tuesday as the United States branded China’s retaliatory tariffs a “big mistake”, further inflaming an already volatile global trade landscape. Despite a slight rebound in financial markets following days of heavy losses, the broader outlook remained fraught with uncertainty as tit-for-tat …

Russia’s budget deficit narrowed to 1% of GDP in the first quarter of 2025, equivalent to 2.17 trillion roubles ($25.5 billion), according to a statement released by the Finance Ministry on Tuesday. This marks an improvement from the 1.3% of GDP reported in the first two months of the year. …

European shares rose modestly on Tuesday, bouncing back from a sharp four-day selloff that pushed markets to 14-month lows. While the rebound brought some relief, investor sentiment remained highly sensitive to ongoing developments in the global trade conflict sparked by U.S. President Donald Trump’s sweeping tariff policy. As of 07:48 …

Oil prices edged higher on Tuesday, rebounding more than 1% following a sharp selloff that pushed crude to near four-year lows. The recovery was supported by a modest bounce in global equity markets, though analysts caution that downside risks remain due to escalating U.S.-China trade tensions and fears of a …

While lower fuel prices might offer a fleeting sense of relief at the pump, the recent decline in oil prices carries a potentially ominous message for the broader economy. A simplistic view once held that cheaper oil universally benefited the United States, translating to greater consumer spending and reduced business …

The U.S. dollar roared back to life on Tuesday, April 8, 2025, climbing to three-day highs as investors flocked to safe-haven assets amid escalating trade tensions sparked by President Trump’s tariffs. The Greenback, which had already begun its recovery on Friday, gained further momentum, with the US Dollar Index (DXY) …