Gold prices experience a decline as former President Trump alleviates trade tensions by implementing tariff exemptions. Gold prices experienced a decline on Monday following U.S. President Donald Trump’s decision to alleviate trade tensions by providing tariff exemptions on smartphones, computers, and various other electronics predominantly sourced from China. Spot gold experienced a decline of 0.4%, trading Read More
Oil prices remain steady as the ongoing US-China trade conflict continues to impact the global growth forecast. Oil prices remained steady in early trading on Monday, amid rising concerns that the intensifying trade conflict between the United States and China could hinder global economic growth and negatively impact fuel demand. Brent crude futures experienced a slight Read More
As the trade battle develops and the dollar continues to decline, gold crosses $3,200. Gold broke the $3,200 mark on Friday as investors fled fears of a recession, a sinking dollar, and a trade war between the United States and China. At 2:30 p.m. Eastern Time, spot gold was trading at $3,235.89 per ounce, representing Read More
U.S. natural gas futures experienced an 8.1% decline over the past week, as the market faced significant volatility driven by tariffs. Meanwhile, near-term fundamentals continue to indicate a bearish outlook as the industry transitions into the low-demand shoulder season. NatGasWeather.com has indicated in a recent note that assessing the impact of weather trends on prices Read More
In early trading on Wednesday, oil prices experienced a significant decline, reaching their lowest levels in over four years. This downturn is attributed to growing concerns over demand, exacerbated by an intensifying tariff conflict between the United States and China, the two largest economies globally, alongside an increasing supply forecast. Brent futures experienced a decline of Read More
Oil prices extended their decline on Monday, tumbling nearly 3% to reach levels not seen since 2021, as an intensifying U.S.–China trade dispute sent shockwaves through global commodity markets. The rout, which also dragged down base metals and agricultural products, reflects mounting investor anxiety over the prospect of a worldwide economic slowdown. In Asian trading, Read More
Saudi Arabia has reduced its oil prices for May shipments to Asia, marking a four-month low, as the OPEC+ alliance prepares for an increase in supply. Saudi Arabia, recognized as the leading oil exporter globally, announced on Sunday a significant reduction in crude oil prices for Asian buyers for May, marking the lowest prices seen in Read More
Gold experiences a decline during the early Asian trading hours, likely due to market participants unwinding their long positions in order to liquidate assets for cash. China’s imposition of 34% tariffs on all U.S. imports, coupled with the introduction of restrictions on the export of specific rare-earth minerals, has heightened apprehensions regarding the potential escalation Read More
Brent crude prices have experienced a decline of over 3%, reaching their lowest point since 2021. Oil prices approached their lowest closing levels since the height of the coronavirus pandemic in 2021 on Friday, impacted by U.S. President Donald Trump’s announcement of new tariffs and increased output from the OPEC+ producer group. Brent futures experienced a significant Read More
On Thursday, eight OPEC+ nations reached an unexpected consensus to expedite their strategy for phasing out oil production cuts, opting to raise output by 411,000 barrels per day in May. This decision led to a continuation of the significant declines in oil prices observed earlier. Oil prices, having already decreased by more than 4% following Read More
