Venezuela resorts to floating storage as onshore storage tanks fill up

Gold prices have surged above $4,500 per ounce for the first time, driven by escalating geopolitical tensions, particularly between the U.S. and Venezuela, alongside rising concerns in Eastern Europe and frictions between China and Japan.

Gold prices have surged to a record high, surpassing $4,500 an ounce for the first time, driven by escalating geopolitical tensions in Venezuela and anticipations of further interest rate cuts by the US Federal Reserve.

Digi Power X has reported the filing of proxy materials and the results of recent voting with regulators, marking a significant step in its corporate governance process. This filing is crucial for maintaining transparency and compliance with regulatory standards.

Oil prices have risen as the market evaluates strong economic growth in the US alongside supply risks. This increase reflects a tightening supply situation, particularly as US crude oil inventories have dropped more than expected, indicating a bullish trend for prices.

The United States has informed the United Nations of its intent to deprive Venezuelan President Nicolás Maduro and associated drug cartels of resources, escalating its campaign against the Maduro regime. This announcement comes amid heightened tensions following the U.S. seizure of an oil tanker off Venezuela's coast, which poses risks to over 30 sanctioned vessels in the region.

US crude oil inventories have surged, exceeding expectations, indicating a significant increase in stock levels that reflects changing market dynamics. This surge comes amidst fluctuating economic indicators, including recent drops in job openings and initial jobless claims.

Crude oil futures experienced a slight decline as the U.S. intensified its actions against Venezuela, particularly focusing on cutting off the country's oil trade and increasing pressure on Nicolás Maduro's regime. This comes amid ongoing geopolitical tensions involving Russia and Ukraine, which continue to influence market dynamics.

The US economy demonstrated robust growth in the third quarter, driven by strong consumer spending and a significant rise in exports. This positive trend indicates resilience in the economic landscape, with consumer confidence playing a crucial role in stimulating demand.