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Oil prices would need to fall to $53/barrel for US CPI to hit Fed's 2% target:Citi
Citi commodity strategists expressed concerns over potential downside risks for oil prices and their subsequent impact on the U.S. Consumer Price Index (CPI)."Our outlook is for Brent to fall to $60 bInvesting.com
Mar 13, 2025
Gold edges higher as Trump challenges EU on tariffs
Gold’s price (XAU/USD) is back on its way to new all-time highs after the United States (US) Consumer Price Index (CPI) data came in softer than expected on Wednesday, which triggered a sigh of relief in US markets with odds for a recession or stagflation being trimmed.
Fxstreet
Mar 13, 2025
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data. Silver trades at $33.02 per troy ounce, down 0.42% from the $33.16 it cost on Wednesday.Silver prices have increased by 14.28% since the beginning of the year.
Fxstreet
Mar 13, 2025
WTI remains below $67.50 as escalating trade tensions overshadow potential demand boost
West Texas Intermediate (WTI) crude Oil price remains subdued after two days of gains, trading around $67.40 per barrel during early European hours on Thursday. However, crude Oil could face headwinds as traders shift their focus to escalating global trade tensions.
Gold price eyes record high amid rising trade tensions, Fed rate cut bets
Gold price (XAU/USD) trades with a positive bias for the third consecutive day and climbs to over a two-week high, around the $2,942-2,943 region during the Asian session on Thursday. Concerns about rising trade tensions and the potential economic slowdown in the wake of US President Donald...Fxstreet
Mar 13, 2025
EIA reduces oil surplus estimates – ING
Despite the ongoing uncertainty in global markets, oil prices managed to settle higher yesterday, supported by the weaker USD. Even so, ICE Brent continues to trade below US$70/bbl and prices will likely remain sensitive to external developments. The oil market seems to be largely ignoring...Fxstreet
Mar 12, 2025
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