Commodities

Gold prices moved higher on Wednesday as investors positioned themselves ahead of the Federal Reserve’s highly anticipated interest rate decision, the first policy meeting chaired by Kevin Warsh. The precious metal climbed toward recent highs as markets weighed the possibility that the central bank could maintain a firm stance on …

Key Takeaways Gold steadies: Spot gold edged down 0.1% to $4,327.56 per ounce, while gold futures ticked 0.2% lower to $4,347.26 — pausing after four straight sessions of gains. Rebounding from depths: Bullion has recovered significantly from recent multi-month lows near $4,000 per ounce. Iran deal the catalyst: The peace …

Key Takeaways Five-day losing streak: Brent fell 0.9% to $78.23 per barrel, while WTI slipped 1.2% to $75.16 — both at their lowest since March 2. 10% crash in two sessions: The pace of the selloff underscores how dramatically market sentiment has shifted. Iran deal the driver: The MOU paves …

Global oil markets plunged on Tuesday as traders rushed to price in what could become the most significant geopolitical breakthrough of the year.The catalyst was a rapidly advancing agreement expected to pave the way for the reopening of the Strait of Hormuz, the narrow waterway through which a substantial share …

The Canadian Dollar remained close to its weakest levels in recent weeks on Tuesday, with the USD/CAD pair hovering near recent highs as investors adopted a cautious stance ahead of the U.S. Federal Reserve’s policy decision. Oil Weakness Weighs on the LoonieA key factor behind the Canadian Dollar’s struggles is …

Gold prices remained firm above the $4,300 mark in early Wednesday trading, recovering from recent lows as investors balanced improving geopolitical conditions with uncertainty surrounding U.S. monetary policy. The precious metal stabilized near $4,335 after rebounding from weakness seen in recent sessions. While progress toward a potential peace agreement between …

Key Takeaways Trump’s Friday deadline: Speaking at the G7 in France, the president said the Strait of Hormuz is already “partially opened” and will be “completely opened” by Friday. WSJ contradicts timeline: Senior U.S. officials told the paper it could take two weeks for normal shipping operations to resume. Brent …

Key Takeaways Oil edges lower: Brent fell 0.5% to $82.75 per barrel, while WTI dipped 0.3% to $80.54 — consolidating near Monday’s 5% crash. Both at March lows: Monday’s sharp selloff erased much of the geopolitical risk premium built up during the Gulf conflict. MOU details: Trump’s interim deal extends …

Millions of Americans hoping for lower borrowing costs this summer are likely to be disappointed.When the Federal Reserve concludes its latest policy meeting this week, investors overwhelmingly expect interest rates to remain unchanged. Yet the bigger story may not be the decision itself, but what it reveals about the philosophy …

Oil Plunges More Than 5% as Hormuz Reopening Sparks Global Market RallyA Peace Deal Rewrites the Market NarrativeFor months, the global economy has been held hostage by one question: what happens if energy supplies from the Middle East remain disrupted?On Monday, markets finally received an answer.A breakthrough agreement between the …