Oil markets are showing renewed volatility as several geopolitical and economic factors converge. Brent crude climbed toward $78 per barrel after rebounding from its sharpest one-day slide since November, amid reports that protesters were threatening to interrupt operations at Libya’s key Ras Lanuf and Es Sider export terminals. The risk of disrupted Libyan exports comes … Read more

Gold pulled back slightly from Monday’s record high of $2,956.19 as some investors booked profits, but prices remain well supported by shifting expectations for Federal Reserve rate cuts and growing demand for safe-haven assets. Worries about the US economy have caused markets to bring forward the anticipated timing of Fed easing. Traders are now pricing … Read more

In Istanbul’s 560-year-old Grand Bazaar, shopkeepers and money changers are experiencing a wave of anxiety as many Turks rush to convert rapidly depreciating lira into dollars, gold, and other more stable assets. The Turkish lira has lost more than 80% of its value over the past five years, a decline tied largely to President Erdoğan’s … Read more

The Federal Reserve is confronting a difficult policy dilemma: how to respond to two conflicting economic threats at once — higher inflation driven by newly imposed tariffs and a rising unemployment rate. Balancing price stability with the need to support job growth has become more complicated as these forces push the economy in opposite directions. … Read more

Two influential Federal Reserve officials have pushed back against market expectations for large, rapid rate cuts, saying the central bank’s policy rate may already be approaching its neutral range. Kansas City Fed President Jeff Schmid and Governor Michelle Bowman both suggested that the roughly 100 basis points of easing since September have moved the federal … Read more

Global markets experienced significant shifts on Wednesday as two major forces converged: the widening U.S. trade conflict and a landmark change in German fiscal policy. The U.S. dollar slid to three-month lows, falling 2.3% over three days — its largest decline since late 2022 — after Washington imposed new tariffs on imports from Canada, Mexico … Read more

The Congressional Budget Office has determined that the Senate Republican tax bill would increase the national debt by about $3.3 trillion over the next ten years and leave an estimated 11.8 million more Americans without health insurance by 2034. Under the proposal, roughly $3.8 trillion in tax cuts enacted during the Trump administration would be … Read more

UBS has raised its long-term gold price target to $3,200 per ounce, up from its previous $3,000 per ounce forecast, citing accelerating inflows into gold exchange-traded funds and rising investor demand for safe-haven assets. The bank attributes the upward revision to several converging factors: stronger-than-expected inflows into gold ETFs, persistent central bank purchases, and a … Read more

Swiss gold exports climbed 44% month‑on‑month in June, reaching their highest level since March as bullion moved back into UK vaults from the United States. Exports to the UK surged to 83.8 metric tons — the largest monthly flow to Britain since August 2019 — after gold that had been shipped to the US earlier … Read more

The Trump administration expanded its 50% tariffs on steel and aluminum to cover 407 additional product categories, a change that took effect on Monday. Under the broadened measures, many common goods that contain steel or aluminum are now subject to the higher duties. Affected items include auto parts, fire extinguishers, a range of machinery, construction … Read more