March 5, 2025 11:34 am
Key moments Oil prices declined for a third consecutive session, with Brent futures falling 0.63% to $70.59 a barrel. OPEC’s intentions to increase daily output by 138,000 barrels from April will unwind daily cuts of nearly 6 million barrels. US West Texas Intermediate crude also experienced a notable decline of 74 cents, sliding 1.08% to […]
Read moreMarch 5, 2025 9:35 am
Key moments Silver price extends the rally to near $32.15 in Wednesday’s early European session, up 0.90% on the day. The positive view of Silver prevails above the key 100-day EMA with the bullish RSI indicator. The immediate resistance level emerges at the $33.00-$33.05 region; the key support level to watch is in the $31.15-$31.00 […]
Read moreMarch 5, 2025 7:32 am
Key moments Gold price (XAU/USD) halts its two-day winning streak on Wednesday as rising US Treasury yields pressured non-yielding assets. The precious metal may find support from safe-haven demand amid the implementation of US tariffs. Gold also drew buyers as the US halted military aid to Ukraine. Gold Price Declines Amid Rising Treasury Yields, Trade […]
Read moreMarch 4, 2025 2:26 pm
Key moments Ottawa implements a 25% tariff on a substantial $20 billion worth of U.S. imports, effective immediately. China reveals plans to introduce 10% to 15% import taxes on a range of American agricultural products. Both moves were a direct response to U.S. President Donald Trump’s own tariffs on Chinese, Mexican, and Canadian imports. Fears […]
Read moreMarch 4, 2025 11:24 am
Key moments Front-month gas futures for April delivery on the New York Mercantile Exchange increased by 7.5%, settling at $4.122 per mmBtu. Henry Hub gas prices reached $3.98 per mmBtu, marking a recovery from a two-week low of $3.74 per mmBtu observed a week prior. Energy companies have significantly depleted gas storage, with current stockpiles […]
Read moreMarch 4, 2025 10:24 am
Key moments US Copper Premiums Surge, Diverging From Global Prices Domestic Production Constraints Highlight Import Reliance UBS Predicts Continued Volatility and Suggests Risk Management Strategy US Copper Price Surges 13% Amid Tariff Uncertainty, Outpacing Global Markets The U.S. copper market is experiencing heightened volatility, primarily driven by concerns surrounding US tariffs on imports. Recent observations […]
Read moreMarch 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 […]
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