دسته: news

According to webangah News​ Agency, ‍citing Reuters, gold prices fell during ‍Wednesday’s trading session despite ⁣increased investor demand.‍ Easing trade tensions between the U.S. and the European Union has prevented ⁢further price increases for the precious⁣ metal.Markets now await ​the release of ⁤U.S.⁢ personal ‌consumption expenditure ​data for clues about ‍the ⁢Federal Reserve’s interest rate policy.

The spot price of gold declined by‌ 0.07% to $3,298.67 per ounce‌ today,while gold futures on ⁣New York’s ⁤COMEX market dropped 0.23% to $3,320.80.

In ⁢his latest move, Donald Trump has stepped back from imposing 50% tariffs on EU ​imports and delayed their implementation until ​July 9 to allow continued negotiations between the White House and the bloc’s ‌27 member states.

Analysts believe gold prices ​below $3,300 have attracted more⁣ buyers but note⁣ that reduced U.S.-EU tensions will ⁤likely prevent⁣ sustained price rallies for the precious metal.

Market experts ⁤suggest that if gold remains in the $3,250-$3,280 range,it‍ could potentially rebound to $3,400 ‌as investors become ⁤more risk-averse.

Traders are closely monitoring upcoming U.S. personal consumption expenditure figures to gauge potential federal Reserve interest rate moves.

Temporary easing in U.S.-China trade tensions has meanwhile boosted consumer confidence ⁢in America.

The Federal ⁤Reserve has maintained ⁢interest‌ rates at 4.25%-4.50% since December as officials ‌assess⁢ how Trump’s new tariffs might impact​ inflation ‍and economic growth.

Among othre precious metals: silver rose 0.10% to $33/35 while platinum fell 0/54%to$1/07880

According to‍ webangah​ News Agency, oil prices climbed during Wednesday’s trading session after the U.S. barred Chevron from exporting Venezuelan crude under new ⁢restrictions on its⁤ assets in the sanctioned country, further tightening global supply prospects.

North Sea Brent crude gained 37 cents (0.58%) to $64.46 per‍ barrel, while U.S. West texas Intermediate (WTI) rose 41 cents (0.67%) to $61.30.

The Trump governance issued Chevron a new license permitting it ⁢to maintain existing⁢ Venezuelan assets but prohibiting oil exports or business⁢ expansion—a move analysts say will reduce heavy crude ‍availability for U.S. refineries ​and increase Middle East dependence.

President Donald Trump​ had revoked Chevron’s previous⁣ Venezuela waiver on February 26.Licenses granted to Chevron and othre foreign ‌firms in recent years had boosted production in sanctioned venezuela to nearly 1 million barrels per day.

Meanwhile, EU officials requested details of European ⁤corporate investment ‌plans in ⁢America—signaling Brussels’ readiness to advance trade ⁣talks with Washington after Trump retreated from threatening 50% tariffs ⁣on EU goods, which had⁤ threatened economic activity and oil demand.

Oil prices fell nearly 1% Tuesday amid limited progress signals from the fifth round of Iran-U.S nuclear talks,⁣ with markets anticipating any agreement coudl return Iranian barrels to global supply.

The OPEC+ alliance⁢ meets today with expectations of unchanged ⁤output policies, though eight members will convene Saturday to discuss potential July production‌ increases.