The Trump administration is pressing ahead with trade negotiations despite a U.S. appeals court ruling that deemed most of President Trump’s tariffs illegal. U.S. Trade Representative Jamieson Greer said Sunday that “our trading partners… continue to work very closely with us,” and that deals are progressing “regardless of what this court may say in the…
OPEC+ has decided to increase production by ~547,000 barrels per day (kbpd) starting in September 2025 compared to the “required” level in August. This decision was made at a meeting on August 3 and officially announced by OPEC. This September increase is part of a plan to gradually unwind the 2.2 million bpd voluntary cuts…
Silver’s (XAG/USD) accelerates its reversal from last week’s highs right above $39.00, to levels below $38.50, with bears testing support at Tuesday’s low of $39.35, amid a broad-based US Dollar strength on Wednesday. The US Dollar Index, which measures the value of the US Dollar against the world’s most-traded currencies, appreciates for the fourth consecutive…
Oil edged lower as traders looked past US efforts to force India to quit buying Russian crude, and broader markets carried a risk-off tone. West Texas Intermediate fell below $64 a barrel, while Brent closed above $68. White House trade adviser Peter Navarro stepped up the pressure on New Delhi to halt purchases of Russian energy after Washington…
Gold prices were nearly flat after a two-day rally, amid concerns about the Fed’s independence and the risk of US inflation. At 9:04 a.m. Singapore time, spot gold edged down 0.2% to $3,391.71/oz, while the Bloomberg Dollar Spot Index weakened 0.1%. In other metals, silver and palladium were flat, while platinum weakened slightly. Sentiment pressure…
AS resmi memberlakukan tarif tambahan hingga 50% untuk banyak barang asal India mulai Rabu (27/8) pukul 12:01 a.m. waktu Washington. Kebijakan ini disebut sebagai respons atas keputusan New Delhi terus membeli minyak Rusia. Secara teknis, barang India yang masuk untuk konsumsi setelah tenggat itu dikenai bea tambahan di atas tarif yang sudah berlaku sebelumnya. Di…
