The increase in OPEC+ production has catalyzed a surge in oil prices, coinciding with heightened geopolitical tensions. Oil prices experienced an impressive rise. This development followed the decision by OPEC plus countries to boost oil production levels. The rise was below projections. Geopolitical tensions surrounding Ukraine and Iran also played a role. OPEC+ has reached a Read More
Since the introduction of tariffs under the Trump administration, markets across the board have been feeling the pressure. From raw commodities to the fast-moving digital world, the ripple effects are being felt in unexpected ways, shaking up industries and prompting businesses to rethink their strategies. Starting with commodities, tariffs have created quite a stir. The Read More
Gold prices experienced an increase as a result of Donald Trump’s tariff threats. The increase was also supported by a weaker dollar. Trump intends to increase tariffs on steel and aluminum. This action elicited a cautionary note regarding potential reprisals from Europe. Geopolitical tensions between Ukraine and Russia have intensified. Trump and Xi Jinping are Read More
Oil experiences a rebound following OPEC+’s decision to maintain the same output increase for July as was implemented in June. Oil prices saw a resurgence, climbing by more than $1 per barrel, subsequent to OPEC+’s resolution to elevate production by 411,000 barrels per day in July, in accordance with market expectations. Brent crude futures experienced an Read More
Copper continues to play a pivotal role in the global green transition, as demand experiences a significant surge in Asia, particularly in China and India. As electrification and electric vehicles propel consumption, supply limitations stemming from aging mines, environmental regulations, and geopolitical challenges could exacerbate future shortages. Despite near-term volatility, long-term market sentiment remains optimistic. Copper, Read More
Gold remained relatively stable as market participants anticipate forthcoming US inflation data. Gold prices experienced a modest decline on Friday. Market participants are anticipating the release of the U.S. inflation report. This report is poised to impact the policy decisions of the Federal Reserve. Global equities experienced an uptick, while the U.S. dollar exhibited a decline. Read More
Oil prices witnessed an increase after a U.S. court ruled against President Trump’s tariffs. Market attention is currently directed towards the potential U.S. sanctions that could affect Russian crude flows, alongside OPEC+’s decision concerning increased output in July. Concerns regarding supply are escalating as a result of Chevron’s cessation of oil production in Venezuela. On Thursday, Read More
Brent crude futures increased by 47 cents, representing a 0.73% rise, reaching $64.56 per barrel by 0030 GMT. Meanwhile, U.S. West Texas Intermediate crude saw an uptick of 49 cents, approximately 0.8%, bringing it to $61.38 per barrel. Oil prices experienced an uptick in early trading on Wednesday following the U.S. government’s decision to prohibit Read More
Gold experiences a slight increase as the dollar declines, amid growing concerns regarding US fiscal matters. This increase can be attributed to a depreciating dollar and concerns regarding the financial condition of the United States. Investors are closely monitoring developments regarding trade policies. This comes in the wake of President Trump’s postponement of tariff increases Read More
Gold prices experienced a decrease from a two-week peak. This development occurred following Donald Trump’s establishment of a new deadline for a trade agreement with the European Union. He postponed the implementation of tariffs. Previously, gold prices experienced an increase attributed to heightened safe-haven demand. This occurred following Trump’s proposal of tariffs on imports from Read More
