May 9, 2025 1:23 pm
Key Moments: WTI futures jumped 2.1% on Friday, while the Brent benchmark rose 1.93%. China’s April crude imports were 7.5% higher YoY despite a monthly dip. OPEC+ output dropped last month. Trade Optimism Fuels Market Momentum Crude oil prices are finding support as the potential for positive developments in US-China trade relations provides a fresh […]
Read moreMay 9, 2025 7:36 am
Key Moments: China’s soybean imports dropped to 6.08 million metric tons in April, the lowest since 2015. Longer customs clearance times disrupted crushing operations and reduced soymeal availability. Purchases from the US have fallen, with zero net soybean sales reported for the 2024/25 marketing year. Imports Plummet on Logistical Setbacks China’s soybean imports shrank sharply […]
Read moreMay 9, 2025 7:23 am
Having slipped to an intraday low of $3,274.38 earlier on Friday, Spot Gold bounced on likely bargain buying ahead of the outcome of the US-China trade negotiations this weekend. Gold’s extended losses came after US President Donald Trump and British Prime Minister Keir Starmer announced a “breakthrough deal”. The 10% tariff on UK imports will […]
Read moreMay 8, 2025 9:56 am
Spot Silver extended a pullback from recent 1-week high of $33.25 on Thursday, after reports stated the US was expected to announce a trade deal with Britain today, while the Federal Reserve kept borrowing costs on hold. US President Donald Trump is poised to unveil a significant trade agreement between the United States and the […]
Read moreMay 8, 2025 8:23 am
Spot Gold extended a pullback from recent 2-week high of $3,435 per troy ounce on Thursday, after reports stated the US was expected to announce a trade deal with Britain today, while the Federal Reserve kept borrowing costs on hold. Market players also awaited the outcome of the US-China trade negotiations in Switzerland this weekend. […]
Read moreMay 7, 2025 11:14 am
Key Moments: Russia’s April oil and gas revenues dropped by approximately 12% year over year, according to the Finance Ministry. April’s energy income totaled 1.09 trillion rubles. The average price of Russian oil fell to 4,562 rubles in April. Monthly Revenue Decline Driven by Lower Oil Prices Russia’s Ministry of Finance has reported a notable […]
Read moreMay 7, 2025 10:06 am
Spot Silver pulled back from a 1-week high of $33.25 on Wednesday, since optimism over potential US-China trade negotiations heightened investor risk appetite, while weighing on safe-haven assets. US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer are set to meet with Chinese Vice Premier He Lifeng in Switzerland this weekend. Bessent’s recent […]
Read moreMay 7, 2025 10:00 am
Key Moments: WTI crude futures rose to $59.68 on Wednesday, an increase of 1%. Brent futures also edged higher, reaching $62.66. The American Petroleum Institute reported that last week saw a sharper-than-expected 4.49 million-barrel drop in US crude inventories. Oil Futures Rise as Trade Outlook Shifts Crude oil futures advanced on Wednesday following news that […]
Read moreMay 7, 2025 7:30 am
Spot Gold eased from a 2-week high of $3,435 per troy ounce on Wednesday, since optimism over potential US-China trade negotiations pared the metal’s safe haven appeal. US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer are set to meet with Chinese Vice Premier He Lifeng in Switzerland this weekend. Bessent’s recent comments […]
Read moreMay 6, 2025 8:44 am
Spot Gold registered a fresh 2-week high of $3,387 per troy ounce on Tuesday, as the Trump administration opened a new front in the trade war, fueling demand for safe-haven assets. US President Donald Trump on Sunday greenlit a new 100% tariff on movies not produced in the United States. Labeling foreign support for film […]
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