Commodities

Oil prices edged lower on Friday, poised for a second straight week of losses, as traders factored in expectations for another OPEC+ output hike in July and fresh uncertainty following a U.S. court ruling that keeps President Donald Trump’s tariffs in place. Brent crude futures slipped 21 cents, or 0.33%, …

Gold prices declined in Asian trading on Friday, pressured by a stronger U.S. dollar and profit-taking, as traders braced for fresh inflation data that could shape the Federal Reserve’s interest rate outlook. Spot gold fell 0.7% to $3,293.44 an ounce, while gold futures for August delivery slipped 0.8% to $3,316.67/oz …

The global economic stage is buzzing with tension, and three key figures—Chinese President Xi Jinping, U.S. President Donald Trump, and Federal Reserve Chair Jerome Powell—are at the heart of the action. Recent developments in U.S.-China trade negotiations and U.S. monetary policy have thrust these leaders into the spotlight, as their …

Gold prices soared past the $3,300 mark on Thursday, buoyed by a confluence of factors including disappointing US jobs data and a significant court ruling against previously imposed Trump-era tariffs. The precious metal, often sought as a safe haven, saw its value jump by 0.94%, with XAU/USD trading at $3,318 …

Federal Reserve Chair Jerome Powell recently raised concerns about the potential for more frequent and persistent supply chain shocks, which could complicate the central bank’s efforts to balance inflation control with employment stability. Speaking at a recent conference, Powell noted that these disruptions could fuel inflationary pressures and challenge the …

European equities advanced on Thursday, buoyed by a U.S. trade court’s ruling to block President Donald Trump’s sweeping tariff proposals, which lifted market sentiment and eased investor concerns over an escalating trade conflict. The pan-European STOXX 600 index edged 0.2% higher as of 08:43 GMT, while Germany’s DAX 40 gained …

Oil prices surged by around $1 per barrel on Thursday, buoyed by a U.S. federal court ruling that blocked most of President Donald Trump’s proposed tariffs, easing concerns over a potential hit to global trade and economic growth. Brent crude futures rose $1.12, or 1.7%, to $66.02 a barrel, while …

Gold prices extended their recent decline in Asian trading on Thursday, as a U.S. federal court ruling against President Donald Trump’s proposed trade tariffs bolstered risk sentiment across markets. The ruling also fueled a stronger U.S. dollar, further weighing on gold and broader metal prices. Spot gold fell 0.5% to …

Fiscal Policy at a CrossroadsRussia is weighing a significant revision to its budget rule as plummeting oil prices threaten its financial stability, Finance Minister Anton Siluanov revealed on May 28, 2025. The current rule, which sets a baseline oil price of $60 per barrel, directs excess revenue to the National …

Gold prices dipped below $3,300 after peaking at $3,325, marking a 0.18% decline as the US Dollar and Treasury yields strengthened. With traders eagerly awaiting the Federal Reserve’s latest meeting Minutes at 18:00 GMT, a dovish signal could reignite bullion’s rally, though Fed officials appear cautious amid tariff uncertainties. Geopolitical …