Copper prices dropped by 0.2% in early Asian trading due to trade uncertainties. Learn about the impact of U.S. tariffs on industrial metals like copper, steel, and aluminum.
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OPEC+ opens oil tap wider before planned August hike, raising fears of price fall
OPEC+ will raise oil production faster than earlier planned in August, with eight key alliance members agreeing to increase output by 548,000 barrels a day, delegates said on Saturday after a virtual meeting. This is higher than the 411,000-barrel hikes announced for May, June and July, which were already triple the initial plan. Traders had anticipated the same increase for August, making the latest move a further acceleration.
Gold Prices Soar as Trump Announces New US Tariffs: What It Means for India
Gold prices are climbing as Donald Trump plans new US tariffs starting next month. Discover how this impacts India’s gold market, your investments, and why gold remains a bhaiya ka favourite safe-haven asset.
Comex Gold Prices Drop After Three Days of Gains
Comex Gold (XAU/USD) prices took a break from their three-day rise, dropping about 1% in the latest trading session. This dip came after the U.S. released stronger-than-expected job growth numbers, which made gold less attractive to investors.
Gold price is pressured by positive risk tone, modest USD uptick
President Donald Trump announced on Wednesday that the United States has struck a trade agreement with Vietnam. The US will impose a lower, 20% tariff on goods imported from the Southeast Asian nation, and the deal will give the US tariff-free access to Vietnam’s markets.