Safe-haven demand propelled gold and silver prices to fresh record highs on Monday, even as experts see further upside. Oil prices slipped, reversing the gains from Friday as civil protests in Iran eased, reducing the threat of a US attack and lowering crude oil supplies. Meanwhile, base metals moved higher this morning, following a decline
Gold and silver prices continued their historic rallies, respectively as the precious metals hit new record highs on Tuesday. Gold prices breached the $4,700 per ounce level for the first time as safe-haven demand continued to rise. On the other hand, silver on COMEX hit a record high above $95 per ounce. Meanwhile, oil prices
Gold prices edged closer to the historic $5,000 mark on Wednesday as the precious metal breached $4,800 per ounce for the first time ever. Meanwhile, silver prices also hovered near their record highs as safe-haven demand for the precious metals continued to rise. Oil prices rose for most of the day as investors assessed a
In the short to medium term, Venezuela’s oil output could grow by around 30% above its current level of just under 900,000 barrels per day, US Energy Secretary Chris Wright told executives of oil companies this week, as per a Reuters report. The assessment was provided privately on the sidelines of the World Economic Forum
TotalEnergies CEO Patrick Pouyanne predicted a potential backtrack by the European Union on its sustainable aviation fuel (SAF) mandate on Wednesday, suggesting the bloc might dilute the requirement in a move mirroring its recent decision to abandon the proposed 2035 ban on new combustion-engine cars. The European Union has taken a significant step toward decarbonising
The precious metals market is witnessing records tumbling every trading week. Gold on COMEX rose to a record high of $4,969.69 per ounce earlier on Friday, nearing the coveted $5,000-per-ounce mark. Meanwhile, silver continued to outperform gold in dramatic fashion and came within a whisker of hitting $100 an ounce. Meanwhile, oil prices rebounded sharply
Ethereum’s Ether has lost 10% of its value in the last seven days, making it the second worst performer among the top 10, behind Dogecoin. The bearish performance saw Ether drop below $3k, with technical indicators suggesting further bearish movements in the near term. Ether’s funding rates flip negative Ether has dropped below $3k after
US President Donald Trump’s plan to grant Nvidia licences to ship more powerful artificial intelligence chips to China is triggering fresh backlash in Congress, including from prominent China hawks within his own party. The move is sharpening divisions in Washington over whether tighter export controls protect national security or weaken US influence in the global
US Energy Secretary Chris Wright called on the world to more than double oil production on Thursday, while simultaneously criticising the European Union and California for what he termed a wasteful focus on inefficient green energy. While the World Economic Forum (WEF) has increasingly focused its energy discussions on advancing lower-carbon policies, a conversation in
Top corporate leaders expressed relief after US President Donald Trump stepped back from imposing new tariffs on Europe, but warned that geopolitical uncertainty and regionalization remain central concerns for global business. Speaking to CNBC on the sidelines of the World Economic Forum in Davos, executives said the easing of immediate trade tensions had lifted markets,