Bitcoin dropped to its lowest price since February 3 on Wednesday as the latest CPI report indicated annual inflation stood at 3% in January, moving farther away from the Federal Reserve's 2% target. The world's biggest cryptocurrency is still up almost 60% in a year but has gained only 1.6% in 2025.
2/12/2025The Organization of the Petroleum Exporting Countries (OPEC) said in its monthly report on Wednesday that worldwide oil demand is expected to grow by 1.4 million barrels per day (bpd), broadly unchanged from its previous estimate. Total world oil demand is expected to stand at 105.1 million bpd in 2025, slightly lower than in the January report. OPEC still expects that transportation fuels will drive demand growth, followed by the industrial, construction and agricultural sectors in non-OECD countries.
2/12/2025EUR/USD moves higher to near 1.0380 in Wednesday’s European session ahead of the United States (US) Consumer Price Index (CPI) data for January
2/12/2025Silver trades at $31.77 per troy ounce, down 0.20% from the $31.84 it cost on Tuesday.
2/12/2025West Texas Intermediate (WTI) Oil price advances on Tuesday,
WTI trades at $72.92 per barrel, up from Monday’s close at $72.19.
Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $75.81 price posted on Monday, and trading at $76.60.
Small business optimism in the United States declined in January compared to the previous month, according to a report by the National Federation of Independent Business (NFIB) on Tuesday. The related index dropped to 102.8 from 105.1 in December, falling short of expectations
2/11/2025Crude oil prices jumped by more than 1% on Tuesday as investors digested United States President Donald Trump's new 25% tariff on all steel and aluminum imports, which caused multiple world leaders to respond with warnings of various countermeasures.
2/11/2025Silver priceretraces its recent gains, trading around $31.80 per ounce during the European session on Tuesday. However, the downside of the metal price could be restrained as safe-haven demand for precious metals surged amid increased risk aversion following the latest US tariffs.
2/11/2025The price of gold jumped to a new record high after United States President Donald Trump signed an executive order imposing 25% tariffs on imports of steel and aluminum into the US, boosting demand for safe-haven assets.
2/11/2025The US Dollar Index (DXY), which tracks the performance of the US Dollar against six major currencies, is broadly flat to a touch softer and trades around 108.00 at the time of writing on Monday after again a headline-filled weekend. United States (US) President Donald Trump announced 25% steel and aluminum tariffs for all countries importing into the US. Also, plans for reciprocal tariffs are on the table, which would increase US import duties to match those imposed by the country’s other trading partners.
2/10/2025Silver price (XAG/USD) soars to near $32.30 in Monday’s European session. The white metal strengthens as investors turn risk-averse after United States (US) President Donald Trump threatens to raise 25% tariffs on imports of steel and aluminum and reciprocal tariffs over nations where he sees unfair trade practices.
2/10/2025The Pound Sterling (GBP) ticks higher to near 1.2415 against the US Dollar in Monday’s European session. The GBP/USD pair is marginally higher even though the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, is up almost 0.2%, which indicates significant strength in the Pound Sterling.
2/10/2025Silver prices rose on Monday. Silver trades at $32.26 per ounce, up 1.25% from the $31.87 it cost on Friday.
2/10/2025Silver prices rose on Monday. Silver trades at $32.26 per ounce, up 1.25% from the $31.87 it cost on Friday.
2/10/2025Gold’s price pops higher and prints a fresh all-time high above $2,900 at the time of writing on Monday. The move comes after United States (US) President Donald Trump said he would announce "reciprocal tariffs" on many countries on Tuesday or Wednesday, adding to increasing uncertainty in global financial markets. On Sunday, US President Trump said a 25% levy would apply for all steel and aluminum imports into the US, but did not say when they would be applied.
2/10/2025Gold price retains its bullish bias through the first half of the European session on Monday and touches a fresh all-time high, around the $2,896-$2,897 region in the last hour. Concerns about the potential economic fallout from US President Donald Trump's tariffs and escalating US-China trade tensions continue to boost demand for the safe-haven bullion. Moreover, concerns that Trump's protectionist policies would reignite inflation in the US turn out to be another factor that benefits the precious metal's status as a hedge against rising prices.
2/10/2025EUR/USD recovers above 1.0300 in Monday’s European session after a weak opening around 1.0280. The major currency opened on a weak note as investors rushed to the safe-haven fleet on renewed United States (US) President Donald Trump’s tariff fears. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, gives up some of its intraday gains but is still 0.15% higher, around 108.25.
2/10/2025The price of gold reached a new all-time high on Monday after United States President Donald Trump announced a new global 25% tariff on all aluminum and steel imports.
2/10/2025Japan's trade surplus on the balance of payments (BOP) basis landed at ¥62.3 billion in December, the country's Finance Ministry said in its preliminary report published on Monday.
2/10/2025Nonfarm employment in the United States grew by 143,000 in January, according to a report by the Bureau of Labor Statistics on Friday.
2/7/2025