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Market reacted positively after Trump signaled easing trade tariffs
S&P 500 futures climbed 1.61 percent and Nasdaq futures gained 1.91 percent
Stock slid as CEO announced plans to reduce involvement with DOGE
U.S. crude oil inventories fell by about 4.6 million barrels last week, per API data
Prices declined as Trump eased Fed threats and optimism for a trade deal increased
Trump criticized Fed Chair Powell, warning the U.S. economy could slow without immediate rate cuts
Amid Trump-Fed clash and trade tensions
The euro hit a three-year high on Monday, while the yen sat at a seven-month peak
Markets remained nervous about aggressive U.S. tariffs and the ongoing trade war with China
Amid trade war concerns and weaker dollar
South Korea’s SE KOSPI Index rose 0.90 percent to 2,469.43 while the broader Topix index gained 1.08 percent to 2,525.04
Both benchmarks are on track for their first weekly rise in three weeks after recording their highest levels since April 3 on Wednesday
The dollar index hovered near a three-year low hit last week, making gold more attractive for other currency holders
U.S. West Texas Intermediate crude fell by 16 cents, also down 0.3 percent, to $61.17
The dollar index fell 0.4 percent, making gold more attractive to foreign currency holders
Trump announced lately that phones, computers, and chips would be exempt from the new tariffs
The White House announced recently exemptions for smartphones and computers from new tariffs
Trump is considering changes to the 25 percent tariffs on foreign auto imports from various regions
In Dubai, gold rates achieved remarkable gains, with 24-carat gold rising by AED0.5 to AED389
The U.S. dollar index fell 0.49 percent to 99.61, reversing earlier gains
Goldman Sachs expected oil prices to decline through 2026
Goldman Sachs hiked 2025 gold price target to $3,700/oz
Nvidia declined 5.91 percent, Apple fell 4.24 percent to $190.42, and Microsoft dipped 2.34 percent to $381.35
Brent is set to fall 4 percent this week, while WTI is set to decline 3.8 percent
