Oil rose after after the White House signaled openness to reach a deal with China to quell fresh trade tensions between the two biggest crude consumers. Brent advanced above $63 a barrel after plunging 3.8% on Friday in its biggest drop since August. On Sunday, Donald Trump and Vice President JD Vance struck a slightly more conciliatory tone…
U.S. President Donald Trump on Monday declared the war in the Middle East is over, as he began a momentous trip to the region to finalize a peace deal for Gaza. Trump arrived in Tel Aviv earlier Monday to mark the release of Israeli hostages by Hamas after more than two years in captivity. As…
Gold prices hit a new record high of $4,068 per ounce on Monday (October 13th), driven by increased demand for safe-haven assets amid global concerns. Trade tensions between the United States and China have escalated following new tariff threats from US President Donald Trump, while expectations that the Federal Reserve (The Fed) will further cut…
Oil prices held weak after a sharp decline, amid cautious optimism that Middle East tensions are easing and global supply is likely to loosen. Brent traded near $65/barrel after falling 1.6% on Thursday, while WTI hovered below $62. Israel agreed to a framework deal that includes the release of hostages by Hamas in exchange for…
Silver prices (XAG/USD) rose to around $49.70/oz during the Asian session, holding in positive territory after hitting a four-decade high. The rise was driven by inflows into safe-haven assets amid uncertainty—from the ten-day US government shutdown, tariff concerns, and geopolitical risks. Solid industrial demand (including renewable energy and electronics) also contributed to the rally. Similarly,…
Gold prices have weakened again below $4,000/oz, while silver has also corrected after a sharp rally that took both to multi-decade highs. On Friday afternoon, Singapore time, spot gold was trading around $3,955/oz after falling 1.6% the previous day, while silver dipped slightly after briefly touching $51,235/oz—its highest since 1980. Technical data suggests overbought conditions…
