Silver prices fell to the $46 per ounce area on Monday, continuing last week’s decline. Selling pressure emerged as global markets entered a “risk-on” mode after the US and China reached an initial trade agreement framework. Negotiators from Washington and Beijing agreed to hold off on US tariff increases and suspend controls on rare earth…
US President Donald Trump will meet with Japan’s new Prime Minister, Sanae Takaichi, in Tokyo. His focus will be on two things: trade and security. Takaichi—who has only been prime minister for a week and is also the first woman to lead Japan—wants to show Trump that Japan remains a key ally in Asia. She…
The pound sterling (GBP) exchange rate against the US dollar (USD) has continued to weaken for the fifth consecutive day and is now trading around 1.3340 in the Asian session on Thursday (October 23rd) morning. Pressure on the pound increased due to the strengthening of the US dollar amid growing market concerns ahead of the…
EU leaders met in Brussels to discuss new sanctions against Russia and plans to use frozen Russian assets in Europe to fund Ukraine’s war effort and economic recovery over the next two years. Ukrainian President Volodymyr Zelenskyy also participated in the meeting, urging an immediate ceasefire after nearly four years of war. The meeting came…
Oil prices rose around 2.5% after the US imposed sanctions on Rosneft and Lukoil related to the Ukraine war. Brent was at $64.15 (+$1.56) and WTI at $60.03 (+$1.53) at 03:03 GMT. The rise was also aided by data showing a surprising drop in US inventories. Key point: the market immediately reacted to supply risks….
The Australian Dollar (AUD) weakened against the US Dollar ahead of the release of highly anticipated US inflation data for September on Friday. Markets were also cautious following the surprising Australian employment data, which saw the unemployment rate rise to its highest level in nearly four years. This caused the probability of an interest rate…
