Commodities

Oil prices traded higher on Monday as the U.S. vowed continued strikes on Yemen’s Houthis, while Chinese economic data fueled optimism for stronger demand. Brent crude: +0.9% to $71.21/barrel WTI crude: +0.9% to $67.80/barrel Key Drivers Behind the Oil Price Surge 1. U.S. Military Action Against Houthis President Donald Trump …

European stock markets edged higher on Monday, supported by optimism over a historic German debt deal, which investors hope will revive economic growth in Europe. DAX (Germany): +0.4% CAC 40 (France): +0.3% FTSE 100 (UK): +0.1% Germany’s Debt Expansion Plans Drive Optimism Friedrich Merz, expected to be Germany’s next chancellor, …

Gold prices edged lower in Asian trade on Monday, following a record-breaking rally, as investors balanced safe-haven demand against signs of progress in global geopolitical tensions. Spot Gold: Down slightly to $2,982.80/oz Gold Futures (April): Fell 0.3% to $2,991.62/oz (by 01:14 ET / 05:14 GMT) Friday’s Record High: $3,005.08/oz Safe-Haven …

Gold concluded the week on a strong upward trajectory, recording significant gains driven by the weakness of the U.S. dollar. This performance was further bolstered by diminished risk appetite in financial markets and reports highlighting a substantial increase in central bank purchases of the precious metal. Several factors contributed to …

Newly-appointed Canadian Prime Minister Mark Carney officially assumed office on Friday morning, succeeding Justin Trudeau. In his first public statements as leader, Carney made it clear that he intends to address the challenges posed by U.S. President Donald Trump’s aggressive trade policies. The Trump administration’s escalating global trade war has …

Despite a week dominated by fluctuating geopolitical tensions and evolving economic forecasts, oil prices managed a marginal weekly gain, marking the first increase in a month. This comes as the market grapples with a complex interplay of factors, including escalating trade disputes, renewed sanctions, and ongoing conflict.A Tightrope Walk for …

In a landmark moment, gold prices surged past the $3,000 per ounce threshold on Friday, marking an all-time high as investors flocked to the precious metal amidst escalating global economic anxieties. This historic rally underscores gold’s enduring status as a safe-haven asset in times of uncertainty.   Spot gold witnessed …

The European Commission has granted Bristol Myers Squibb (NYSE: BMY) an expanded approval for its CAR-T cell therapy, Breyanzi, the biopharmaceutical company announced on Friday. Key Details of the Approval: New Indication: Breyanzi is now approved for treating adults with relapsed or refractory follicular lymphoma who have undergone at least …

Oil prices bounced back on Friday, recovering some of the previous session’s losses, as the Ukraine conflict remains unresolved, limiting the prospect of increased Russian energy supplies. Key Oil Price Movements: Brent Crude Futures: $70.52/barrel, up 0.9% (+64 cents). West Texas Intermediate (WTI): $67.26/barrel, up 1.1% (+71 cents). Market Drivers: …

Gold prices remained steady at all-time highs in Asian trading on Friday, driven by escalating U.S.-EU trade tensions and weaker-than-expected U.S. inflation data, which bolstered expectations of potential Federal Reserve rate cuts. Key Gold Price Movements: Spot Gold: $2,986.62/oz, after hitting a record high of $2,993.90/oz earlier. Gold Futures (April): …