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XAU/USD extends its rally to new record highs amid heightened geopolitical and trade uncertainty, after President Trump announced extra tariffs on European nations until Greenland is sold to the United States.
USOIL drops as Trump backs off from military action on Iran, easing supply disruption risks and bringing lingering glut prospects back into focus.
The precious metal has broken above $90 per ounce, driven by US dollar weakness linked to Fed independence concerns, geopolitical risk-off flows, and demand from AI, cleantech and defence.
USOIL mixed as markets assess protests in Iran and President Trump weighing military options, as well as the challenges of restoring Venezuela’s production capacity, but broader supply–demand dynamics remain unfavourable.
USOil slides on oversupply concerns after the US arrested Maduro with a military operation in Caracas and US President Trump pledged to rebuild Venezuela’s oil industry, but that could take time.
China’s BYD surpassed Tesla in pure battery electric vehicles sales in 2025 after an 27.86% increase, whereas its rival posted its second straight annual decline.
The pair declines as the BoJ raised rates earlier this month and the summary of opinions reaffirmed the tightening bias, whereas the Fed maintained its easing stance.
XAU/USD and XAG/USD both rise to new all-time highs buoyed by intensifying geopolitical frictions, while overarching structural demand forces can fuel further advance
USOIL rebounds from nearly five-year lows after US President Trump announced a blockade of sanctioned oil tankers entering and leaving Venezuela, boosting the geopolitical risk premium.
The pair drops as the Japanese central bank see strong wage growth for next year, bolstering the chances of tightening just a week after the Fed cut rates.
The pair finds support as the contraction of the UK economy bolters the case for a rate cut by the Bank of England, but persistent inflation can keep it in cautious mode.
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