News
Oil settles up more than 1% after US urges caution for vessels near Iran
Oil prices settled more than 1% higher on Monday after the U.S. Department of Transportation issued an advisory to U.S.-flagged vessels to stay as far as possible from Iranian territory while passing through the Strait of Hormuz and Gulf of Oman.
Dollar marginally higher as traders brace for data deluge; yen extends surge
The U.S. dollar was largely unchanged on Tuesday, but remained near one-week lows ahead of the release of a slate of key economic data, while sterling slipped lower with Prime Minister Keir Starmer under political pressure.
Gold rises above $5k, silver surges as precious metals stabilize after wild week
Gold prices edged higher Monday and silver also advanced, steadying after metal markets logged wild swings last week amid sluggish haven demand, profit-taking, and increased uncertainty over U.S. monetary policy.
Dollar falls ahead of data deluge; yen firms after Takaichi’s election victory
The U.S. dollar fell on Monday after a solid week of gains, with investors looking ahead to a busy week for important economic data. Meanwhile, the Japanese yen strengthened on more intervention talk after Japanese Prime Minister Sanae Takaichi’s election victory.
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