Oil Rises as Markets Await ECB Decision

Oil Rises as Markets Await ECB Decision

Limited movements in oil and equities amid sanctions impact and anticipation of monetary policy decisions.

 

Contents

 

Steady Oil

Oil prices slightly increased on Monday as markets closely monitored the effects of new European sanctions on Russian crude supplies.
While concerns grew over the impact of U.S. tariffs on global fuel demand.

Brent crude for September delivery rose by 0.15%, or 10 cents, to reach $69.38 per barrel.
Meanwhile, U.S. WTI crude futures for August delivery increased by 0.25%, or 16 cents, to $67.50 per barrel.

The uptick followed a report by Baker Hughes indicating that the number of active oil rigs in the U.S. fell by two,
bringing the total to 422 rigs — the lowest level since September 2021.

This came alongside the European Union’s decision last Friday to impose its 18th package of sanctions on Russia,
including a ban on imports of refined oil products in third-party countries that use Russian crude.
The move raised expectations of potential impacts on supply.

 

Cautious Stocks

European stock indices opened the week on a stable note amid investor

caution ahead of the upcoming European Central Bank (ECB) meeting,
where rates are expected to remain unchanged. Investors are also closely watching corporate earnings reports.

The Stoxx Europe 600 index held steady at 547 points.

France’s CAC 40 rose slightly by 0.1% to 7,830 points,
Germany’s DAX remained unchanged at 24,303 points, and the UK’s FTSE 100 hovered at 8,997 points.

At the sector level, the automotive index dropped by 0.6%,
weighed down by a 2.7% decline in Stellantis shares after the company

announced expected net losses of €2.3 billion in the first half of the year due to the initial impact of U.S. tariffs.

 

 

 

Oil Rises as Markets Await ECB Decision

TSMC Hits $1T as China Holds Rates Ahead of Tariff Deadline

TSMC Hits $1T as China Holds Rates Ahead of Tariff Deadline: Economic developments are taking center stage
globally amid key monetary and trade decisions.
The People’s Bank of China has kept interest rates unchanged despite signs of economic slowdown.
Negotiations between Washington and Brussels continue under pressure due to the tariff deadline.
Meanwhile, TSMC has achieved a historic milestone by surpassing a $1 trillion market valuation.
Driven by accelerating demand for artificial intelligence technologies and optimistic growth forecasts.

 

 

Contents

People’s Bank of China
U.S. Secretary of Commerce
TSMC surpasses $1 trillion

 

 

 

People’s Bank of China Keeps Interest Rates Unchanged Despite Weak Sentiment

The People’s Bank of China maintained its key lending rates unchanged today,
amid persistent consumer and economic slowdown, although growth still exceeds government targets.

The one-year loan prime rate—used for corporate and most personal loans—was kept at 3%,
while the five-year loan prime rate—used as a mortgage reference—remained at 3.5%.

This decision follows China’s Q2 2025 GDP growth of 5.2% year-on-year,
slightly lower than Q1’s 5.4%, but still above the annual target.

 

U.S. Commerce Secretary: Confident in EU Deal Despite August Tariff Deadline

U.S. Commerce Secretary Howard Lutnick expressed confidence on Sunday in reaching a trade deal with the EU.
He admitted that August 1 is a “difficult deadline” for implementing new tariffs.

In an interview with CBS, Lutnick said he had just spoken with European negotiators and noted “broad space” for understanding. “
These are the world’s largest trading partners, in active dialogue. I’m confident we’ll reach a deal,” he added.

President Donald Trump had previously announced plans to impose a 30% tariff
on imports from Mexico and the EU starting August 1, following failed talks.

Lutnick clarified that August 1 is not the end of negotiations, but the effective implementation date.
“Nothing prevents negotiations after that date—but without a deal, tariffs begin then.”

 

 

 

TSMC Surpasses $1 Trillion Amid AI Boom and Upbeat Forecasts

Taiwan Semiconductor Manufacturing Co. (TSMC) has exceeded $1 trillion in market value for the first time.
Driven by strong growth forecasts and AI-driven optimism, positioning it among the world’s top corporations.

TSMC stock reached a new record high on Friday—up nearly 50% from April lows
on strong investor demand following its upgraded revenue guidance.

Its valuation now rivals Berkshire Hathaway, possibly paving the way for entry
into the global top 10 by market cap if momentum continues.

This strong performance reflects growing investor confidence in TSMC’s leadership in chip manufacturing.
Particularly as AI demand accelerates.
TSMC supplies chips to Apple and NVIDIA, giving it a significant strategic advantage.

The company recently raised its expected annual revenue growth to 30%,
signaling strong demand for advanced manufacturing tied to AI applications.

 

TSMC Hits $1T as China Holds Rates Ahead of Tariff Deadline

Economic Events and Technical Volatility Await Markets This Week

Economic Events and Technical Volatility Await Markets This Week:
Trading for the week of July 21–25 kicks off with investors closely monitoring a series of key financial events.
Most notably, it includes interest rate decisions in China and central bank minutes from Australia and Europe.
And growth and inflation data from the United States and the United Kingdom.

On the technical side, traders watch critical price movements in several significant assets.
Led by gold and the U.S. dollar against the Japanese yen.
They are also tracking the performance of Tesla stock, which is approaching a key technical resistance level.

These developments, amid growing uncertainty about global monetary policy,
create opportunities and challenges in currency, commodity, and equity markets.

 

Content
Economic Events
USDJPY
Gold
NZDUSD
Tesla
GBPUSD

 

 

 

 

 

Economic Events

Monday, July 21, 2025

01:45 – New Zealand – Consumer Price Index (Quarterly)

04:00 – China – 1-Year Loan Prime Rate

04:00 – China – 5-Year Loan Prime Rate

Tuesday, July 22, 2025

04:30 – Australia – RBA Monetary Policy Meeting Minutes

16:30 – U.S. – Fed Chair Jerome Powell Speech

17:00 – U.S. – Richmond Manufacturing Index

Wednesday, July 23, 2025

17:00 – U.S. – Existing Home Sales

18:05 – Australia – RBA Governor Michele Bullock Speech

Thursday, July 24, 2025

10:15 – Eurozone – French Flash Manufacturing PMI

11:30 – UK – Flash Manufacturing PMI

11:30 – UK – Flash Services PMI

15:15 – Eurozone – ECB Main Refinancing Rate

15:15 – Eurozone – ECB Monetary Policy Statement

15:30 – U.S. – Weekly Jobless Claims

15:45 – Eurozone – ECB Press Conference

16:45 – U.S. – Flash Manufacturing PMI

16:45 – U.S. – Flash Services PMI

Friday, July 25, 2025

09:00 – UK – Retail Sales (Monthly)

 

USDJPY

The USDJPY pair is trading near 148.79 after recent gains driven by renewed dollar strength following last week’s inflation data.
Which showed a rise in inflation and lowered expectations for interest rate cuts.
Technically, if the pair stabilizes above 149.00 again, upward movement could continue toward the next resistance at 151.11.

 

Gold

Gold is trading around 3349 after closing last week higher.
This was supported by market tensions over tariff negotiations and revived concerns about inflation,
boosting demand for gold as a safe haven.
Currently, it is testing resistance at 3363. A breakout and close above this level may push prices toward 3389.
If a reversal pattern appears at current levels, we may see a downward correction to the ascending trendline.

 

 

NZDUSD

The NZDUSD pair remains downward despite a corrective rebound last week.
It is currently trading near 0.5961 after retesting the demand zone around 0.6000.
Reversal signals suggest renewed downside targeting the previous low at 0.5900.

 

 

 

Tesla Stock

Tesla shares continue to recover from recent losses, posting gains for the second consecutive week.
However, breaking above 331 and holding is essential to sustain momentum toward the key resistance at 365.
A bearish reversal at current levels—especially amid U.S. market tensions—could trigger a new decline toward $300.

 

GBPUSD

The GBPUSD pair saw an upward correction last week before returning from the 1.3488 resistance level.
Selling pressure is expected to continue, particularly as the U.S. dollar strengthens.
A break below 1.3370 and a close beneath it may extend losses toward the next support at 1.3141.

 

Economic Events and Technical Volatility Await Markets This Week

China Boosts Gold Purchases to Record Levels Amid Tensions

China Boosts Gold Purchases to Record Levels Amid Tensions:
Amid escalating geopolitical tensions and an ongoing trade war with the United States,
China is adopting a clear hedging strategy by ramping up gold
purchases at an unprecedented pace.
According to data from the World Gold Council,
China’s demand for gold, through both exchange-traded funds (ETFs)
and official reserves have reached record levels during the first half of 2025.
This move reflects a strategic effort to reduce reliance on the U.S. dollar
and enhance economic stability in a volatile global landscape.

 

Contents

China Increases Gold Purchases

U.S. Natural Gas Prices Rise

 

 

 

China Increases Gold Purchases

As global geopolitical tensions escalate and the trade war between the U.S. and China intensifies,
Beijing has recorded a sharp surge in gold buying, a strategic shift toward
Hedging and reducing dependency on the dollar.

According to the World Gold Council,
China’s demand for gold ETFs reached a record 45 metric tons in Q2 2025,
up from 18 tons in Q1.
This brought the total demand in the first half of the year to 63 tons—the highest ever recorded.
Thanks to this strong growth, China’s ETF gold holdings soared by 74% year-over-year to reach 200 tons.

In parallel, the People’s Bank of China (PBOC) boosted
its official gold reserves by 2 tons in June,
bringing total reserves to a record 2,299 tons.

Goldman Sachs estimates that China also made unofficial purchases
of 15 tons of gold from the London market in May, eight times more than the amount officially reported.

Notably, China is the world’s largest gold producer,
accounting for about 10% of global production.
However, it consumes nearly three times what it produces,
making it the world’s largest gold importer as well.

As of the end of May, China’s total gold reserves stood at 73.83 million ounces,
up from 73.77 million ounces in April.
Despite the increase in volume, the dollar value of the reserves fell to $241.99 billion at the end of May,
down from $243.59 billion in April, due to fluctuations in global gold prices and the dollar exchange rate.

 

 

 

 

U.S. Natural Gas Hits 3-Week High Amid Soaring Electricity Demand Due to Heatwave

Natural gas prices in the United States rose at Friday’s close,
hitting their highest level in three weeks.
The rally was fueled by a sharp increase in electricity consumption
Driven by high temperatures across much of the country.

August gas futures on the New York Mercantile Exchange (NYMEX) climbed by 0.60%,
or 2.3 cents, to settle at $3.565 per million British thermal units (MMBtu)
The highest closing level since June 27.
The contracts also posted strong weekly gains of about 8%.

Temperatures are expected to remain above seasonal norms across the U.S. at least through August 2,
with next week projected to be the hottest of the summer so far,
keeping electricity demand at elevated levels.

 

China Boosts Gold Purchases to Record Levels Amid Tensions

U.S. Bond Yields Fall Amid Expectations of a July Rate Cut

U.S. Bond Yields Fall Amid Expectations of a July Rate Cut:
U.S. bond yields declined following fresh remarks by Christopher Waller,
a member of the Federal Reserve Board of Governors,
who renewed his call for an interest rate cut in July.
This coincided with data showing improved consumer inflation expectations,
While stock indexes recorded mixed performances as the earnings season kicked off.
Meanwhile, President Donald Trump signed a law regulating stablecoins
a move seen as a victory for the cryptocurrency industry.

Contents

Short-Term Bonds

Inflation

Interest Rate Cut

Consumer Confidence

Market Outlook
Tariffs

Supporting Factors

 

 

 

 

Short-Term Bonds Lead Gains

Short-term U.S. Treasury bonds posted notable gains after Waller
signalled he was willing to dissent from the majority within the Federal Reserve
If they decided to keep rates unchanged.
This was accompanied by data from the University of Michigan,
which showed that consumer inflation expectations for the year ahead
fell to 4.4% from 5% the previous month.
Meanwhile, the S&P 500 remained largely unchanged,
while the U.S. dollar slipped slightly but ended the week with gains.

 

Notable Improvement in Inflation Expectations

Jeff Roach from LPL Financial commented:

“There are positive signs warranting optimism,
with improved inflation expectations that support the market’s outlook.”

Waller clarified that he saw no signs of worsening inflation expectations,
giving the Federal Reserve room to move toward a rate cut.
He emphasised the need to make such a move during the upcoming monetary policy meeting,
pointing to signs of weakening in the U.S. labour market.

 

Rate Cut Still Unlikely

At the same time, most investors still do not expect a rate cut during the July 30 meeting.
Current expectations indicate a total reduction of around 45 basis points by year-end,
down from over 65 basis points earlier in the month.

Andrew Brenner from NatAlliance Securities said Waller was
“right in his forward-looking perspective,”
explaining that the Fed’s role is to anticipate future trends,
Not focus on historical data.
Nevertheless, he does not expect a rate cut to happen this month.

 

 

Consumer Confidence and Spending Recovery

U.S. consumer confidence reached a five-month high at the beginning of July,
hitting 61.8 points compared to 60.7 in the previous month,
According to the University of Michigan data.
This was supported by a recent report showing a broad recovery
In retail sales during June, easing concerns over a slowdown in consumer spending.

 

 

 

 

Market Outlook and Investor Sentiment

Mark Hackett from Nationwide noted that macroeconomic fundamentals continue to support markets, saying:

“Investor sentiment has been positive despite news volatility,
Driven by strong indicators and earnings that reflect resilient consumer spending.”

Chris Senyek of Wolfe Research observed that economic data released
This week outperformed prevailing expectations,
but he warned of persistent risks related to high inflation levels continuing into the second half of 2025.

A Federal Reserve official affirmed that the U.S. economy remains resilient,
though she urged patience during this sensitive period.

 

Tariffs and Trump’s Trade Agenda

In a related development, Trump is preparing to impose new sector-specific tariffs
Within the next two weeks, as part of his efforts
to reshape the United States’ role in the global trade system.
His administration is pushing to include tariffs of no less than 15–20%
In any prospective trade deal with the European Union, according to the Financial Times.

Meanwhile, Japanese Prime Minister Shigeru Ishiba and U.S. Treasury Secretary Scott Besant
expressed optimism about reaching a “good” agreement between the two countries,
though they acknowledged that the process could take more time.

 

Supporting Factors for the Markets

Louis Navellier, Chief Investment Officer at Navellier & Associates, concluded:

“The absence of clear damage from tariffs, combined with strong earnings,
a resilient labour market, and continued consumer spending
all support elevated market valuations.”

 

U.S. Bond Yields Fall Amid Expectations of a July Rate Cut

 

* Image from CHATGBT

Dollar Defies Expectations, Rises for Second Week

Dollar Defies Expectations, Rises for Second Week

The U.S. currency climbs again, unsettling rate-cut bets amid stronger-than-expected economic data.

 

Contents

 

Dollar Rebounds

The U.S. dollar posted gains for the second consecutive week, recovering part of its significant losses since the start of 2025.
This rebound was driven by surprisingly strong economic data,
particularly signs of continued strength in consumer spending and a resilient labor market,
prompting investors to reassess their bets on Federal Reserve rate cuts.
Although the dollar index retreated slightly in the latest session, the currency rose about 1.3% since July 7,
marking its best two-week performance this year. Still, it remains down approximately 8% year-to-date.

Doubts are mounting regarding the Fed’s path toward monetary easing,
especially after interest rate swap contracts showed only a 58% probability of a rate cut in September — a decline fueled by persistent positive data.
According to Skyla Montgomery of Barclays,

The dollar was boosted by a combination of intense economic activity and early signs that tariffs are filtering into U.S. inflation,

making it increasingly difficult to justify a dovish pivot by the Federal Reserve.

 

Shifting Bets

Despite Fed Governor Christopher Waller reiterating his support for a rate cut this month,

markets showed little reaction, and the likelihood of a July cut remained nearly zero.

At the same time, speculative bets on a stronger dollar increased.
Data from the Commodity Futures Trading Commission showed that non-commercial

investors raised their net long positions to $17.5 billion,

down slightly from $18.6 billion the previous week. Option contracts also began to reflect a modestly bullish bias,

with the 6-month implied volatility skew turning positive — signaling higher demand for call options betting on a rising dollar.

In the bond market, U.S. Treasury yields declined across all maturities.

The two-year yield — the most sensitive to Fed policy — settled at 3.87%.
Meanwhile, the yield curve steepened, with the spread between 5-year and 30-year bonds surpassing 100 basis points,

highlighting persistent market anxiety.

Waller’s recent remarks, including his openness to replacing Jerome Powell as Fed Chair if asked,

further fueled concerns — especially amid rising expectations that tariffs will add to inflation later this year.

Although former President Trump denied any immediate plans to remove Powell,

JPMorgan analysts believe that uncertainty will continue to weigh on long-term Treasury valuations in the months ahead.

 

 

Dollar Defies Expectations, Rises for Second Week

What is the difference between CFDs and Spot Contracts?

What is the difference between CFDs and Spot Contracts?

In the world of trading and investing, traders come across various types of contracts that allow them to benefit from price movements in financial markets. Among the most prominent are Contracts for Difference (CFDs) and Spot Contracts. While both are used to profit from price fluctuations, there are fundamental differences between them in execution, duration, and the nature of the asset.

 

Contents

 

 

Contracts for Difference

 

What are CFDs?
 CFDs are derivative financial instruments that allow investors to speculate on the price movements of assets (such as stocks, currencies, commodities, and indices) without actually owning the underlying asset.

 

Features:

  • No actual ownership of the asset: When trading CFDs, you don’t own the underlying asset. Instead, you enter into a contract based on the price difference between opening and closing the position. 
  • Ability to trade both directions: Traders can open buy or sell positions depending on their price forecasts. 
  • Leverage: CFDs often allow the use of leverage, which increases potential profits but also amplifies risks. 
  • No expiration date: The position remains open until the trader decides to close it or until it’s automatically closed by the broker’s conditions. 
  • Swap fees: If the contract is held overnight, swap fees may apply. 

 

 

 

Spot Contracts

 

What are Spot Contracts?
 Spot contracts are agreements to buy or sell a specific financial asset at the current market price (spot price), with delivery typically occurring within two business days.

Features:

  • Immediate execution: Transactions are executed at the current market price. 
  • Actual ownership: When you buy a spot contract, you take ownership of the asset (e.g., currencies or gold). 
  • No leverage typically used: Trading is done at full value, which limits trade size but reduces risk. 
  • Very short duration: Used for short-term trades or hedging, with quick settlement. 
  • No swap fees: Since the contract settles quickly, there are no overnight holding costs. 

 

 

Comparison

Element CFDs Spot Contracts
Asset ownership No Yes
Execution Flexible – trader’s choice Immediate at market price
Use of leverage Common Rare
Swap fees Yes No
Suitable for Short/medium-term speculation Fast trading or hedging

Which One Suits You More?

If you’re looking for flexibility and the ability to profit from both rising and falling prices, CFDs provide that, along with leverage options.

However, if you prefer actual ownership of the asset or a more conservative trading style, Spot Contracts may be the better fit.

 

 

 

What is the difference between CFDs and Spot Contracts?

How to Use Leverage in Trading: A Complete Beginner’s Guide

How to Use Leverage in Trading: A Complete Beginner’s Guide:
Leverage is one of the most important tools used by traders in financial markets to achieve higher profits with less capital.
However, it is also a double-edged sword, as it can multiply profits or result in significant losses.
In this article, we’ll explain how to use borrowed capital in trading safely and effectively,
focusing on basic concepts and practical tips for beginners.

 

Contents

What is Leverage?
Importance 
How to Use 
Risks
Tips
Conclusion

 

 

 

 

What is Leverage?

Leverage is a financial tool that allows a trader to control a larger trade size
than their actual capital by borrowing part of the funds from the broker.

Example:
 If you trade with $100 and use a 1:100 borrowed capital, you can open a position worth $10,000.

 

Importance of Using Leverage

  • Increased Purchasing Power: Allows you to enter larger trades with smaller capital.
  • Higher Profit Potential: Even small price movements can generate substantial returns.
  • Portfolio Diversification: Trade across multiple assets using the same capital.

 

How to Use Leverage in Trading

Select a reputable broker that offers suitable borrowed capital.

    • Ensure the broker is licensed and regulated.
    • Review leverage terms and limits for each asset.

Start with low leverage

    • High leverage (e.g., 1:500 or 1:1000) is not recommended for beginners.
    • It’s best to start with 1:10 or 1:20 until you master risk management.

Understand the lot size

    • Larger positions carry higher risk.
    • Always calculate the required margin before opening a trade.

Use Stop Loss orders

  • To limit potential losses in volatile markets.

Manage capital wisely

    • Don’t risk more than 1–2% of your balance in a single trade.
    • Avoid opening multiple large positions simultaneously.

 

 

 

Risks of Using Leverage

  • Magnified Losses: Just as it multiplies gains, it can also multiply losses.
  • Margin Calls: If the market moves against you, the broker may ask for additional funds.
  • High Volatility Sensitivity: Leverage increases account sensitivity to small price changes.

 

Golden Tips for Beginners

  • Practice with a demo account before live trading.
  • Read daily analysis and stay updated on economic news.
  • Use clear strategies and avoid random decisions.

 

Conclusion

Using borrowed capital in trading can be a powerful tool for profit, but it must be used cautiously and wisely.
A deep understanding of risk and solid planning are keys to success.
Whether you’re a beginner or experienced trader, always remember:
Capital management and emotional control are the foundation of safe and sustainable trading.

 

How to Use Leverage in Trading: A Complete Beginner’s Guide

European Stocks Rise on Trade Optimism with Washington

European Stocks Rise on Trade Optimism with Washington, Gold Falls as Powell Fears Ease

European stocks rose on Thursday supported by trade optimism, while gold declined as concerns over Powell’s future subsided.

 

Contents

 

 

 

European Stocks

European equities opened higher on Thursday, buoyed by growing optimism in the markets regarding a potential trade agreement between the European Union and the United States before August 1st—an outcome that could help the region avoid a new wave of trade tensions.
 The Stoxx Europe 600 index rose by 0.6% to reach 545 points, although gains were somewhat limited by declines in the utilities and defense sectors.
 Germany’s DAX led the gains with a 0.95% increase to 24,238 points, followed by France’s CAC 40 which also rose by 0.95% to 7,794 points, while the UK’s FTSE 100 climbed 0.3% to reach 8,953 points.
 These movements came after U.S. President Donald Trump stated that the U.S. was “very close” to reaching a trade deal with India, and potentially with Europe as well, according to Reuters. His remarks coincided with a visit by EU Trade Commissioner Maroš Šefčovič to Washington to discuss tariff-related issues.

 

 

 

Gold

Conversely, gold prices declined during Thursday trading after Trump’s statements about Federal Reserve Chair Jerome Powell helped ease some of the uncertainty in the markets. Trump confirmed he had no plans to dismiss Powell, despite renewing his criticism over Powell’s reluctance to cut interest rates.
 August gold futures dropped by 0.7%, or $23.90, to $3,335.20 per ounce, while spot gold fell by 0.55% to $3,329.55 per ounce.
 At the same time, the U.S. dollar index rose by 0.3% to 98.69, increasing pressure on gold and other precious metals.
 Meanwhile, September silver futures held steady at $38.10 per ounce, spot platinum fell by 0.55% to $1,414.25, and palladium declined by 1.55% to $1,217.74.

 

 

 

European Stocks Rise on Trade Optimism with Washington

Gold and Oil Prices Fluctuate Amid Trump’s Remarks

Gold and Oil Prices Fluctuate Amid Trump’s Remarks
 Gold and oil prices experienced sharp volatility due to U.S. political statements and concerns about global inventories.

 

Contents

 

 

 

 

Gold

Slight Decline After Easing Powell Concerns

Gold prices dipped slightly after a volatile session, settling near $3,330 per ounce following a 0.7% gain in the previous session.

This move came amid speculation that Federal Reserve Chairman Jerome Powell could be dismissed by President Donald Trump.

However, Trump later stated that he had “no plans to take any action” against Powell, temporarily easing market tensions.
 Although the threat of Powell’s dismissal has subsided, concerns over potential political interference remain,

especially regarding the independence of the Federal Reserve.

This has further reinforced gold’s role as a safe-haven asset, notably as it has risen by nearly 30% since the start of the year.

Supported by geopolitical tensions, ETF inflows, and central bank purchases.

 

 

Oil

Cautious Rise as Markets Await Inventory Data

Oil prices increased after three consecutive days of losses,

with Brent crude climbing toward $69 per barrel and West Texas Intermediate (WTI) stabilizing near $67.

These gains came as traders awaited U.S. inventory data, which showed a drop in crude stocks but a rise in distillates.
 Meanwhile, Trump escalated his rhetoric on trade tariffs, stating he may impose up to 15% tariffs on over 150 countries.

While this could potentially weigh on global demand, the market is temporarily supported by low diesel inventories, especially in Europe and the U.S.
 Ongoing tensions in the Middle East, including drone attacks on oil facilities in Iraq’s Kurdistan region,

are also supporting short-term prices. However, the return of OPEC+ supplies and weaker summer demand could put downward pressure on prices later this year.

 

 

Gold and Oil Prices Fluctuate Amid Trump’s Remarks