With the US government shutdown closing in on the one week mark, President Donald Trump showed signs of cracking Monday, sending mixed messages about the state of talks with Democrats on their biggest demand.Trump, who had remained on the sidelines of negotiations for days, on Monday said he was open to negotiating with Democrats over …
Continue reading “Trump Opens Door to Talks GOP Has Resisted as Shutdown Extends”
The prices of precious metals rallied on Thursday, with silver reaching a new record high and passing the $50 mark. The prices likely continued to be affected by the United States government shutdown, which has put many economic data releases on hold, raising even more concerns about the state of the economy and leaving investors without …
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The Gaza ceasefire between Israel and Hamas formally came into force, Egypt’s Al Qahera News reported on Thursday. Egyptian President Abdel Fattah al-Sisi confirmed it minutes later by saying that “an agreement has been reached to implement a ceasefire and end the war in Gaza.” The ceasefire was formally signed in Sharm el-Sheikh and went …
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Turkish President Recep Tayyip Erdogan said on Wednesday that it’s “neither just, nor correct, nor realistic” to put the entire burden of peace on Hamas in the Palestinians, amid the ongoing peace talks in Egypt. He noted that “the Palestinian resistance organization Hamas has responded very well to [United States President Donald] Trump’s peace plan” and thus showed its …
Crude oil prices continued to advance, rising by more than 1% on Wednesday, with traders still digesting the decision by the Organization of the Petroleum Exporting Countries and its partners (OPEC+) to increase its oil production by 137,000 barrels per day in November, signifying a smaller output hike than expected. The West Texas Intermediate (WTI) for …
Continue reading “Oil climbs again on modest OPEC+ output hike”
The price of Brent will decline to an average $62 per barrel in the fourth quarter of 2025 and $52 per barrel in 2026, the United States Energy Information Administration (EIA) forecast in its report published on Tuesday. In the prediction, the EIA tied the expected drop to an expected rise in oil inventories. The …
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Gold futures climbed to a new all-time high on Tuesday, topping $4,000 per ounce for the first time in history, as investors continued to turn to safe-haven assets amid the ongoing government shutdown, with both the Republican and Democratic senators failing to reach the sufficient votes to pass their respective funding bills to reopen the …
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The prices of precious metals continued to grow on Monday, with gold reaching a new all-time high as the ongoing shutdown of the United States government and the potential layoffs that may result from it caused investors to turn to safe-haven assets. Gold jumped by 1.64% to go for $3,950 per ounce at 10:14 am ET, while silver gained …
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Silver gained as much as 1.5% in Monday’s trade, reaching a price unseen since January 1980. The rise comes amid increased demand for precious metals triggered by rising uncertainty, with gold climbing to a fresh all-time high today. Silver added 1.37% at 3:26 am ET, going for $48.65 per ounce, while gold increased by 1.14% and went …
Continue reading “Silver rallies to highest price since 1980”
Oil prices rose over 1.5% on Monday, after the Organization of the Petroleum Exporting Countries and its partners (OPEC+) decided to increase output in November by 137,000 barrels per day (bpd), swaying investors’ concerns about supply additions as analysts saw this OPEC+ move as a “modest” hike. The West Texas Intermediate (WTI) for November’s settlements climbed …