Hong Kong stocks fell 53 points, or 0.2%, to 25,416 in Thursday morning trading, reversing the previous session’s gains after Wall Street closed significantly lower overnight due to lingering concerns over AI valuations and caution ahead of November inflation data. Caution is also growing ahead of policy meetings by several central banks in Europe and…
Oil futures declined on Tuesday, easing back after a more than 4% rally a day earlier as traders continued to assess the impact of the Israel-Gaza war on crude supplies in the Middle East. Despite the easing of prices, “the markets remain unsettled by the situation in Israel, which could still lead to further instability…
Jan 3 2025, 13:06 Silver price (XAG/USD) extends its gains for the third successive day, trading around $29.60 per troy ounce during the Asian hours on Friday. This sustained rally is attributed to strong safe-haven demand amid persistent geopolitical tensions in the Middle East and the prolonged Russia-Ukraine conflict. Axios referenced three sources, indicating that…
Oil prices steadied on Thursday, after two sessions of losses, as supply concerns over Libya returned to focus, while a smaller-than-expected draw in U.S. crude inventories sapped demand expectations. Brent crude futures slipped 7 cents, or 0.09%, to $78.58 a barrel by 0812 GMT, while U.S. West Texas Intermediate crude futures edged 1 cent lower,…
Oil held its largest gain in more than a week on rising tensions in the Middle East, with a fresh attack on shipping in the Red Sea prompting vessels to avoid the key shipping route. West Texas Intermediate traded above $75 a barrel after rising by 2.7% on Tuesday, with global benchmark Brent near $81. The…
Oil fluctuated near a seven-month low as a selloff in wider financial markets countered rising tensions in the Middle East, with traders watching for a potential retaliatory strike on Israel by Iran. Brent futures traded around $77 a barrel after closing at their lowest level since early January on Friday, while West Texas Intermediate held near…
