March 4, 2025 7:57 am
Key moments Saudi oil giant Aramco’s net profit fell to $106.25 billion in 2024, a 12% decline from $121.3 billion in 2023. The decline was largely driven by lower oil prices and reduced global demand. Aramco plans to pay $85.4 billion in dividends for 2024, significantly lower than previous years. Aramco Dividend Payment Plummets to […]
Read moreMarch 4, 2025 7:52 am
Key moments Geopolitical tensions and trade uncertainties are driving increased demand for gold as a safe-haven asset. Tariffs and potential trade wars could lead to higher inflation, which may support gold prices. The Fed’s response to potential inflation, including interest rate decisions, will significantly impact gold’s performance. Gold Price Climbs on Dollar Weakness and Trade […]
Read moreFebruary 28, 2025 8:32 am
Key moments Oil prices surged over 2%, with Brent and WTI crude oil futures settling at $74.04 and $70.35 per barrel following President Trump’s revocation of Chevron’s Venezuela license. Chevron, which exports 240,000 bpd of Venezuelan crude, may now negotiate with PDVSA to ship oil to non-U.S. markets. OPEC+ is reconsidering its planned April output […]
Read moreFebruary 28, 2025 8:01 am
Key moments Gold is set to post its biggest weekly drop in over three months, down 2% for the week, due to a stronger US dollar. The dollar index is poised for a 0.7% weekly gain, while the US Federal Reserve’s monetary policy trajectory remains uncertain. Some analysts suggesting that the PCE data may not […]
Read moreFebruary 27, 2025 11:04 am
Key moments March natural gas futures fell 1.7%, dropping 6.9 cents as contracts near expiration. April futures declined 1.5%, settling at $4.07 per mmBtu. Increased U.S. natural gas output and milder temperatures are expected to reduce withdrawals from storage facilities. New York’s energy futures markets observed a notable downturn in natural gas futures, as increased […]
Read moreFebruary 27, 2025 9:43 am
Key moments The US dollar has gained 0.2% against rival currencies, putting pressure on gold prices. Several Federal Reserve officials are scheduled to speak later in the day, which may provide insight into the central bank’s policy plans. The Personal Consumption Expenditures (PCE) index, a key inflation report, is due to be released on Friday […]
Read moreFebruary 26, 2025 2:01 pm
A potential peace deal between Russia and Ukraine is weighing on oil prices due to the possibility of sanctions being lifted. Reports of declining U.S. crude oil inventories are offering some support to oil prices. Brent crude oil futures suffer slight price decrease at $72.83 per barrel. Oil prices remained relatively stable on Wednesday, hovering […]
Read moreFebruary 26, 2025 8:06 am
Having touched a one-week low on Tuesday, Spot Gold bounced back above the $2,900 mark on Wednesday, as uncertainty surrounding US President Trump’s tariff policies continued to underpin safe haven demand. Trump on Tuesday ordered a probe into potential new tariffs on copper imports in an attempt to rebuild US production of the metal. Concerns […]
Read moreFebruary 18, 2025 8:18 am
Spot Gold rose for a second straight trading day on Tuesday, since uncertainty surrounding US President Trump’s tariff policies underpinned safe haven demand. The Trump administration has already imposed a 10% tariff on imports from China, announced and postponed 25% tariffs on imports from Mexico and non-energy imports from Canada and is also intending to […]
Read moreFebruary 12, 2025 7:58 am
Spot Gold pulled back from a fresh all-time high of $2,942.78 per troy ounce on Wednesday, after Federal Reserve Chair Jerome Powell’s hawkish remarks reinforced expectations of a slower pace of monetary easing this year. Fed Chair Powell reaffirmed in the Semiannual Monetary Policy Report to the Senate committee that there was no urgency to […]
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