Initial jobless claims in the US surged by 27,000 from the previous week to 263,000 in the first week of September, the highest single-week figure since October 2021, and well above market consensus of 235,000 initial claims. This finding aligns with a series of downbeat labor market surveys released since the beginning of the month, adding to evidence of worsening employment conditions in the US. (alg) Source: Trading Economics
Gold prices rose to a new daily high during the European session on Friday (July 18th), continuing their rebound from a low hit more than a week earlier. This increase was driven by a weakening US dollar following dovish remarks from Fed Governor Christopher Waller, as well as growing market concerns about the uncertainty surrounding US President Donald Trump's trade policies, which are considered risky for the global economy. However, gold's gains are likely limited as the market is increasingly convinced that the Fed will delay interest rate cuts, especially with concerns that new import...
Silver prices stabilized in early Asian trading on Friday (July 18th) as interest in safe-haven assets rebounded amid global uncertainty. Investor interest in the precious metal strengthened after global inflation data was deemed unsatisfactory, along with renewed concerns about a trade war between the United States and its trading partners. Furthermore, consistent industrial demand—particularly from the electronics and green energy sectors—contributed to silver prices. Despite the stability, silver price movements remain limited as the market awaits the latest US economic data and further...
Gold prices fell on Thursday during the European session (July 17). What's the cause? Market participants are weighing the possibility of a leadership change at the US central bank, following rumors that President Donald Trump might fire Jerome Powell from his position as Fed Chair. This issue has sparked renewed uncertainty in financial markets. Meanwhile, concerns about political interference remain. If Powell is indeed dismissed before his term ends in 2026, this could raise doubts about the Fed's independence.Source: Newsmaker.id
Silver prices fell slightly from their highs due to a strengthening dollar. Silver declined after previously touching a 14-year high. Global investors began profit-taking, selling their silver holdings to secure profits after a significant price surge throughout the year. Source: Newsmaker.id
Gold prices strengthened on Wednesday (July 16th), driven by a weakening US dollar and increased demand for safe-haven assets amid global geopolitical concerns. The market is closely monitoring investors' response to President Trump's 50-day ultimatum to Russia and continued tariff tensions with major trading partners. In addition, speculation that the Fed will delay interest rate cuts due to persistently high goods inflation also supported gold prices. The focus now turns to the release of US PPI data and the outcome of further international trade negotiations. Source: Newsmaker.id
China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity.
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Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
Less than four months ago, President Donald Trump met with Qatar's leader, praised his magnificent palace, and signed a comprehensive defense agreement with the Gulf monarchy, a key ally that hosts...