Oil prices steadied on Thursday after reaching fresh lows in the previous session due to demand worries. Data revealed an unexpected increase in crude inventories. At the same time, trade wars ignited by Trump’s tariffs dimmed the outlook for the global economy. On supply, traders worried about oversupply with OPEC+ increasing output starting in April. Read More…
Gold prices extended gains on Wednesday after rallying nearly 1% in the previous session amid trade war uncertainty. At the same time, the dollar weakened, making gold cheaper for foreign buyers. Meanwhile, market participants look forward to US employment figures for clues on future Fed rate cuts. Spot gold (Source: Bloomberg) On Tuesday, investors scrambled Read More…
Currency futures fell on Friday as risk appetite dipped, with traders awaiting the implementation of tariffs on Canada and Mexico. Meanwhile, traders also focused on developments in the talks between the US and Ukraine, which went south. However, risk appetite rebounded by Monday amid renewed hopes of a deal to end the Russia-Ukraine war. On Read More…
Interest futures fell on Thursday as the dollar, and Treasury yields rose after Trump maintained the timing for tariffs on Canada and Mexico. However, prices rebounded on Friday as market participants focused on US data and the outlook for Fed rate cuts. After almost a month, market participants expected the US President to further delay Read More…
Gold prices fell as investors took profits from the recent peaks, and the dollar soared amid US tariff uncertainty. Meanwhile, market participants looked forward to the US core PCE price index report for more clues on US monetary policy. Gold has had a bearish week so far after reaching new peaks on Monday. The rally Read More…
The crude oil prices edged higher on Wednesday as the data from the American Petroleum Institute revealed a decline in the US oil inventories last week, helping the asset rise from 2-month lows. The Brent crude gained to $73.00 while WTI climbed to $69.00 at the time of writing. The API reported a decline of Read More…
