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 (XAU/USD) continued their rally to around $3,365 during the early Asian session on Monday. The precious metal strengthened slightly as traders shifted to traditional safe-haven assets after US President Donald Trump escalated the global trade war with a new wave of tariffs. Source: Newsmaker.id
Silver rose 0.2% in early Asian trading on Monday, driven by demand for safe-haven assets as traders weighed the threat of new tariffs from President Donald Trump after he announced 30% tariffs on the European Union and Mexico, effective next month. Trade tensions, such as the massive US tariffs on copper, exacerbated concerns about metal supply, prompting investors to turn to safe-haven assets. Source: Newsmaker.id
Global gold prices rose again for the third consecutive day on Friday.Analysts stated that more investors are starting to seek refuge in gold, even though the stock market is hitting record highs.As of this news release, gold prices are at $3,345. Source: CP-Newsmaker.id
The price of silver is currently at $37,201, up around 0.56% in today's trading. This strengthening is supported by increased investor interest in safe-haven assets amid global uncertainty. Trade tensions between the US and several major economies, including President Trump's new tariff plans, have made the market more cautious and boosted demand for precious metals like silver. Fundamentally, silver's prospects are also supported by persistently high industrial demand, particularly from the technology and clean energy sectors, such as solar panels. Despite concerns about a global economic...
Gold rose to around $3,330 an ounce on Friday, strengthening for a third consecutive session, supported by safe-haven demand amid escalating trade tensions. President Donald Trump announced 35% tariffs on Canadian imports starting August 1 and hinted at plans for blanket tariffs of 15-20% on most other trading partners. This follows earlier threats against Brazil and proposed tariffs on copper, semiconductors, and pharmaceuticals. Meanwhile, Trump's call for a 300-bps cut in the Fed funds rate fueled speculation about a dovish Fed chairman candidate next year and raised concerns about...
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...