Gold and Oil News
Gold and Oil News - August 9, 2025 6:33
Gold Soars on Tariff Shock as Copper Holds Steady
Gold prices have been staying near their high range for almost three months since Donald Trump decided to play with his tariffs. This week prices briefly shot above $3,500 per troy ounce when reports surfaced of hefty new U.S. tariffs on one kilogram gold bars 39% on imports from Switzerland spooking markets and pushing futures […]
Copper Prices Drift in the Wake of a Surprise Tariff Shock
Copper had a volatile week. Futures climbed early in the week, peeking around $5.84 per pound before easing back to settle around $5.79 on Friday. That’s still near the upper end of its 52‑week range and sellers seemed hesitant given the backdrop of trade headlines and inventory shifts. The big story was a surprise announcement […]
Gold Prices Retreat from Highs Amid Easing Geopolitical Tensions
Early this week, gold followed a typical “safe haven” pattern but then turned to drop back in price. During the first part of the week the price of gold skyrocketed, reaching as high as $3,433 per ounce which was the highest it’s been for a number of weeks. This rapid increase was caused mostly by […]
Crude Oil Prices Keep Sliding as Opec Floods Market
In recent months, the price of crude oil has seen a notable drop, as Brent crude fell more than 20% from mid-January, now hovering near $60 per barrel – a low not seen in four years. A mix of reasons has pushed this decline, such as OPEC+ pumping out more oil, a dip in the […]
Gold and Copper Prices Dip Amid Trade Turbulence and Tariff Worries
As the week drew to a close the price of gold took a nosedive following an initial surge to unprecedented peaks earlier in the week; meanwhile the price of silver also took a sharp fall. Following the revelations by U.S President Donald Trump with the imposition of hefty trade tariffs directed at a wide array […]
Copper Prices Hit New Heights Amid Global Trade Tensions
On Thursday copper prices climbed to unprecedented levels, climbing past $10,000 per tonne. The main reason for this sharp increase is linked to trade disruptions caused by the aggressive tariff policies of US President Donald Trump. In the previous month it was President Trump who gave the order to the Commerce Department to take a […]
Oil Markets Respond to OPEC+ Production Signals as Prices Find Support
Brent crude prices recovered Friday, surging close to 3% after lingering around $71 a barrel since Russia hinted OPEC+ might rethink its output plans. Before the market’s rapid bullish response had been weeks of falling prices since mid-January, when concerns about oversupply and economic growth prospects first weighed on traders’ minds. Russian Deputy Prime Minister Alexander Novak […]
Gold Prices Reach Record Highs Amid Economic Uncertainty and Volatility
In North American trading, gold prices climbed to all-time highs of $2,956 per ounce, while the U.S. dollar fell and Treasury yields declined. The market is in the middle of one of gold’s longest bullish streaks, with prices up for eight weeks. Investors have confidence in gold as gold-backed ETFs have seen the most net inflows since 2022, […]
Gold and Copper Markets Respond to Powell
On Friday gold jumped over 1% to unprecedented highs after the dollar and Treasury yields fell. The movements followed remarks from Federal Reserve Chair Jerome Powell that suggested an interest rate reduction in September. Concerns about inflation near the Fed’s 2% goal added to signs of lower interest rates, as Powell’s comments did. For a […]
US Stock Market Faces Turbulence and Mixed Commodity Reactions
The US stock market took another hit on Friday and managed to finish a disastrous week in the red as poor economic news coupled with weak earnings from some major tech players continued an alarming five-day collapse. The decline was itself heightened by recently-released non-farm payroll figures that showed a modest 114,000 jobs added to […]
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