The price of silver fell 2.5% on Wednesday, retreating from an all-time high in euros at the beginning of the month. At the same time, the demand for safe-haven assets seems to have lessened as investors widely expected the United States Federal Reserve to deliver its first rate cut in 2025. At 6:16 am ET, silver contracted 2.7% to exchange for $41.42 per ounce. At the same time, gold ceded 0.63% and changed hands for $3,666.28 per ounce. Two minutes later, platinum lost 1.13% and sold for $1,384.19 per ounce, while palladium decreased 2% to sell for $1,140.63 per ounce.
Guterres: Not optimistic on short-term progress in Ukraine
United Nations Secretary-General Antonio Guterres said on Tuesday he sees little chance for quick progress in ending the war in Ukraine, citing incompatible positions between Kiev and Moscow. Speaking at a press conference ahead of the 80th Session of the United Nations General Assembly in New York, he warned that prospects for peace remain uncertain. “I am not optimistic about the short-term progress in the peace process in Ukraine. The positions of both sides are now largely incompatible,” Guterres said. He stressed that “Ukraine has a legitimate interest to preserve its territorial integrity, and it’s clear that Russia is determined to do something that would mean the occupation of large parts of Ukraine. “Looking ahead to the UNGA, Guterres also noted he would welcome a meeting with US President Donald Trump, adding that Washington’s ability to use both “carrots and sticks” could complement UN efforts in peace mediation.
NN: their will be no peace deal. Why world Putin fold a winning hand. If talking were bombs NATO and Ukraine would be winning… and they are not.
US issues new sanctions related to Iran
The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued new Iran-related sanctions on Tuesday, according to a statement on its website. Among the sanctioned are four individuals and 12 entities. Apart from Iranian nationals and businesses, some entities in Hong Kong, the United Arab Emirates, and China were also targeted with the latest move. Additionally, US Secretary of State Marco Rubio warned yesterday that a potential “nuclear Iran governed by a radical cleric … is an unacceptable risk.”
NN: If they really want to stop them they will have to bomb them
Oil climbs 1% amid supply concerns…..Oil Gains on Russian Tensions
Oil rose, extending a gain from last week, as traders weighed moves to crack down on Russian flows against forecasts for a surplus later in the year. Ukraine is ramping up its attacks on Russia’s oil infrastructure, with drones striking the Kinef refinery, one of the nation’s largest, over the weekend. The strike comes days after an attack on the key Baltic export port of Primorsk. US President Donald Trump also reiterated calls that Europe must stop buying oil from Russia, after earlier saying he’s prepared to move ahead with “major” sanctions on crude supply from the OPEC+ member if NATO countries do the same. US Treasury Secretary Scott Bessent later commented that the US wouldn’t follow through with threats to penalize Russian oil unless Europe also does so. Oil has traded in a range of about $5 a barrel since early August, with prices buffeted by the competing forces of geopolitical risks and bearish fundamentals, which led hedge funds to cut their bullish position on US crude to the lowest on record. OPEC+ has started to bring back a new tranche of oil production ahead of schedule — leading the International Energy Agency to project a record surplus next year. The latest Ukrainian drone attacks “reinforced price support above $61,” said Razan Hilal, market analyst at Forex.com. “While this has kept the bullish narrative intact, the chart does not yet confirm a clean uptrend, as demand risks and trade instability weigh on sentiment — especially as OPEC’s recent supply cut unwinds reflect slowdown.” Traders are now looking ahead to a high-stakes US central bank meeting, where the Federal Reserve is largely expected to resume its interest-rate cutting cycle. A rate cut could spur economic activity and boost oil demand, though market participants are split on the extent of the possible support. The prices of oil futures went u[ as Russian oil companies signal a potential output cut. According to Reuters, Russia’s Transneft warned producers about a possible reduction in oil supplies, amid intensified attacks on Russian energy infrastructure. On the other hand, United States President Donald Trump called on Europe again to stop purchasing oil from Russia. The West Texas Intermediate (WTI) for October deliveries went up going for $64.16 per barrel. At the same time, Brent for November is selling at $68.12 a barrel.
Israel says ‘Gaza is burning’ as it launches huge ground assault
JERUSALEM/CAIRO, Sept 16 (Reuters) – Israel unleashed a long-threatened ground assault on Gaza City on Tuesday, declaring “Gaza is burning” as Palestinians there described the most intense bombardment they had faced in two years of war. An Israel Defence Forces official said ground troops were moving deeper into the enclave’s main city, and that the number of soldiers would rise in coming days to confront up to 3,000 Hamas combatants the IDF believes are still in the city. “Gaza is burning,” Defence Minister Israel Katz posted on X. “The IDF strikes with an iron fist at the terrorist infrastructure and IDF soldiers are fighting bravely to create the conditions for the release of the hostages and the defeat of Hamas.” In launching the assault, Israel’s government defied European leaders threatening sanctions, and warnings from even some of Israel’s own military commanders that it could be a costly mistake. But Washington offered its apparent blessing, conveyed by Secretary of State Marco Rubio. Israel renewed its calls on civilians to leave, and long columns of Palestinians streamed towards the south and west in donkey carts, rickshaws, heavily laden vehicles or on foot. Hours before the escalation, Rubio offered U.S. backing at a press conference alongside Netanyahu. While the United States wished for a diplomatic end to the war, “we have to be prepared for the possibility that’s not going to happen”, he said.
NN: Its really simple all Hamas has to do is release the hostages, lay down their arm. And go to Turkey, Dubai or Qatar and join your terrorist brother spending the billions they looted..
Israel launches ground offensive in Gaza City
Israeli forces began a ground offensive in Gaza City, two Israeli officials told CNN on Tuesday. The report comes after the country’s Prime Minister Benjamin Netanyahu vowed to occupy the war-torn enclave’s largest city. According to the unnamed sources, Israeli armed forces launched a ground operation on the outskirts of Gaza City following intense bombardment during the previous days. The Israeli cabinet approved the offensive last month, despite warnings from other countries and the United Nations. The United States stated that there was little time left to reach a ceasefire deal, adding that the start of the Israeli offensive would make further talks impossible.
NN: Getting harder and harder to keep track of all the wars
Gold breaks through $3,680
Gold prices surged to a new all-time high on Monday, driven by a weaker US dollar and declining Treasury yields, which boosted demand for the commodity. Markets are preparing for a crucial Federal Reserve meeting this week, as policymakers are expected to announce the first interest rate reduction since December on Wednesday. Additionally, the US–China trade discussions in Madrid, initiated on Sunday, remain a key focus as global trade concerns continue to influence market sentiment. Gold rose 1.03% at 11:59 am ET to go for $3,681.36 per ounce. Silver gained 0.99%, going for $42.62. Platinum lost 0.32% to sell for $1,403.03 per ounce a minute later and palladium dipped by 1.92% at the same time, going for $1,169.39 per ounce.
NN: Gold fever.. cant wait until its time to short the shit of this insanity
Israeli official warns of new confrontations with Iran
Israel’s Defense Ministry Director-General Amir Baram warned on Monday that future clashes with Iran are inevitable despite what he described as Israel’s “victory” in the June confrontations. “[It] ended in a clear Israeli victory, but there will be additional rounds against Iran,” he noted. Speaking at a Finance Ministry conference, Baram said Tehran remains humiliated and is pouring resources into defense and force-building, making further confrontations likely. Baram explained that the ministry works on “three time horizons”: immediate procurement, readiness for the next decade, and long-term development of advanced systems. Despite some canceled contracts, Baram revealed that Israel signed $2.5 billion in new defense export deals last week, adding that many governments continue to prioritize long-term military investment amid global instability.
Trump: EU has to ‘toughen up’ Russia sanctions
United States President Donald Trump told reporters that the European Union needs to “toughen up” its sanctions on Russia. Trump told reporters that the EU was his friend, though he stated that it needed to stop buying oil from Russia, adding that the US couldn’t be “the only ones that are full bore.” He said that the sanctions the EU imposed were “not tough enough” and that he was willing to toughen up sanctions on Russia, but the EU would need to do the same. Yesterday, the US president called for tariffs of 50%-100% on China until the Russia-Ukraine war is over in a letter to all NATO countries, adding that he’s ready to impose major sanctions on Russia when all NATO countries agree on the same sanctions and cease oil purchases from the country.
NN: Sanctions on Russian oil are coming
Medvedev: Ukraine no-fly zone would mean NATO-Russia war…… Kremlin: NATO is de facto at war with Russia
Russian Security Council Deputy Chairman Dmitry Medvedev warned on Monday that establishing a no-fly zone over Ukraine would trigger a war between NATO and Russia. Calls for the alliance to protect Ukrainian skies have increased after Russian drones violated the Polish and Romanian airspace last week. Medvedev also threatened the European Union over proposals to use frozen Russian assets for financial support to Ukraine. “If this happens, Russia will persecute the EU states … until the end of time,” he claimed, adding that Moscow will take the case to “all possible international and national courts,” and that it could also fight the EU “in some cases, out of court,” without providing further explanations.
NN: Everyday NATO and Russia move closer to all out war.
Kremlin: NATO is de facto at war with Russia
Kremlin Press Secretary Dmitry Peskov insisted on Mohttps://youtu.be/mdoqxhwWRfwnday that the North Atlantic Treaty Organization (NATO) is de facto in a war with Russia through its continued military support for Ukraine. “This is obvious and does not require any additional evidence,” Peskov said at a press conference. Russia has been accusing the alliance of being involved in the conflict in Ukraine ever since it started sending military assistance to Kiev. Peskov’s newest comment followed Polish Foreign Minister Radoslaw Sikorski’s remark that NATO is not in a war with Russia despite Moscow’s drone intrusion into his country’s territory. Meanwhile, the organization pledged to boost its presence in the eastern flank.