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NEW YORK/LONDON — U.S. and European stocks rebounded on Wednesday and crude prices surged as fighting raged in Ukraine and OPEC+ oil producers kept plans to raise output in April, posing a challenge for central banks hoping to curb rising inflation. Gold prices slipped on the uptick in risk appetite and U.S. Treasury yields rose […]

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Oil prices kept surging on Wednesday and topped USD 110 per barrel as Russia''s war continues against Ukraine, but stocks and other markets were showing less fear than a day earlier. The S&P 500 was 0.9 per cent higher in early trading, while Treasury yields jumped to recover a sliver of their steep losses from the past week. Gold receded, and a measure of nervousness among stock investors on Wall Street was holding relatively steady after swinging sharply in recent days. Markets have been spinning wildly as investors try, sometimes blindly, to gauge how large an impact two big forces will ultimately have. Most recently, Russia''s invasion of Ukraine has caused prices to soar for oil and other commodities where the region is a major producer. On top of that are worries about what upcoming hikes in interest rates by the Federal Reserve and other central banks around the world will do to the economy and inflation. Fed Chair Jerome Powell said in testimony to Congress on Wednesday that

Oil jumps on disruption fears Crude prices have slingshot higher as Russia’s turmoil will worsen and likely lead to severe supply disruptions for oil markets. The oil market is very vulnerable to a major shortage of supplies now that OPEC+ has ratified a humble supply hike. With oil prices likely to remain elevated for the […]

More turmoil is coming, an analyst at investment firm Wedbush Securities

Gold (XAU/USD) spot retreats from $1948 daily high to current levels, as reports that Ukraine-Russia will hold a second round of discussions later tod

(Kitco News) - The gold price in Canadian dollars is trading near session lows as the Bank of Canada raises interest rates and signals further rate hikes this year even as Russia’s invasion of Ukraine has created uncertainty with the global economy.

Stock futures rose Wednesday morning as oil prices surged amid the intensifying conflict between Russia and Ukraine. Futures for the Dow Jones Industrials gained 91 points, or 0.3%, to 33,357. Futures for the S&P 500 picked up 8.25 points or 0.2%, to 4,312. Futures for the NASDAQ Composite index gained 15 points, or 0.1%, to 14,020.50. The moves came as oil prices trekked upward, building on a massive move in the previous session. Futures for both U.S. crude and international benchmark Brent crude futures rose about 7% each. West Texas Intermediate most recently traded at $111.75 and Brent was at $113.45. The move appeared to boost oil stocks, with Exxon and Chevron each rising about 2% in premarket trading. However, the rising energy costs have also increased concerns about inflation and a potentially slowing economic recovery. The move appeared to boost oil stocks, with Exxon and Chevron each rising about 2% in premarket trading. However, the rising energy costs have also increased concerns about inflation and a potentially slowing economic recovery.

Peter Schiff: Russia Is The New "Excuse Variant" For The Fed Via SchiffGold.com, The Russian invasion of Ukraine has completely changed the market dynamics. In his podcast, Peter talked about the impact the situation is having on the markets and the global economy. He also looked ahead, saying Russia can now serve as a convenient excuse for the Fed to back off its planned monetary tightening. Of course, that will have consequences of its own. Last week, there was optimism in the markets that the economic fallout from Russia’s invasion of Ukraine wouldn’t be too bad. The trends that were in place before the invasion remained in place. But that shifted over the weekend with the US imposing far more harsh sanctions, including cutting off select Russian banks from the SWIFT system . Of course, this has had a significant impact on the Russian economy. But it is also rippling through the global economy, hurting any company with any relationship with Russia. Before the invasion, there was a rotation in the stock market.

(Kitco News) - The gold market was steady but remained down on the day after Federal Reserve Chair Jerome Powell said it was appropriate to raise rates in March despite the "highly uncertain" situation in Ukraine. Powell cited a tight labor market and high inflation.

Are precious metals the answer to the global issue of spiraling inflation?

(Kitco News) - Gold and silver prices are weaker in early U.S. trading Wednesday, on routine downside corrections after recent gains.

Gold ETFs are better than Silver ETFs as well as buying physical gold for Investors, said Mrin Agarwal, Founder of Finsafe, in an exclusive interview with Zee Business’ Swati Raina. Know why did she recommend Gold ETFs over Silver ETFs.

Gold futures retreat from a 13-month high on Wednesday as Russia''s siege of Ukraine was in its seventh day and investors await testimony from the Fed.