Gold and silver prices fell in early U.S. trading due to a stronger U.S. dollar and rising oil prices, despite safe-haven demand linked to tensions in the Strait of Hormuz and ongoing U.S.-Iran talks. Brent crude oil neared $104.44 a barrel, and WTI was around $97.44, pushing inflation concerns and pressure on gold prices. The market is balancing geopolitical risks with inflation-driven factors, while investors await U.S. consumer sentiment data and Fed commentary that could influence rate hike expectations. Global equities showed gains ahead of the U.S. open, reflecting cautious optimism amid these mixed signals.
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
Ondo Finance has introduced the first tokenized stock representations backed by DTCC tokenized entitlements, joining major financial firms in a significant tokenization initiative. This move highlights Ondo's unique position in building infrastructur...
Leading Japanese companies, startups, and research institutions are developing specialized AI models using NVIDIA Nemotron open models to address Japan's unique language, industrial, and workforce challenges. These AI applications range from enterpri...
