Poland rejected on Friday a suggestion by Donald Trump that Russian drone incursions into its airspace could have been a mistake, a rare contradiction of the U.S. president from one of Washington's closest European allies. Poland, backed by aircraft from other NATO, shot down drones that had violated its airspace on Wednesday, the first time a member of the Western military alliance is known to have fired during Russia's war in Ukraine. Russia said its forces had been attacking Ukraine at the time and that it had not intended to hit any targets in Poland. Trump told reporters in Washington...
Gold prices edged higher early in the European session on Tuesday (5/13). Investors are now focused on a key US inflation report, after the precious metal slumped along with other safe-haven assets on Monday following a trade truce between Washington and Beijing. Bullion rose 0.6% to trade above $3,253 an ounce, after a major de-escalation in US-China trade tensions sparked a sharp sell-off. Investors will be watching the US inflation report for April, which could be the first to show tariff-related costs. As of this writing, gold prices were at $3,253 Source: Newsmaker.id -ads
Silver (XAG/USD) prices continued their gains for the fourth straight session during Asian trading hours on Tuesday (5/13). Technical analysis of the daily chart shows a bullish outlook, as the precious metal continues to sell off within an ascending channel pattern. Source: Newsmaker.id
Gold prices edged lower during the early Asian session on Tuesday (5/13). The precious metal held steady on the back of a stronger US Dollar (USD), higher US yields and optimism over a US-China trade deal. Improved risk sentiment following the announcement of an interim deal between the United States (US) and China to reduce tariffs has weighed on safe-haven assets, such as gold prices. The US will cut additional tariffs it imposed on Chinese imports in April this year to 30% from 145%, and China's duties on US imports will be reduced to 10% from 125%. The new measures will be effective for...
The price of gold as a safe haven fell as risk sentiment began to emerge following the announcement of an interim agreement between the United States and China to reduce tariffs. Bullion, which is considered a hedge against economic and geopolitical turmoil, hit a record high of $3,500 last month amid rising tariff uncertainty. Gold's over-response to chaotic headlines from the White House last month left the precious metal vulnerable to a retraction of Trump's statement. As of this news release, the price of gold is at $3,234
Silver is holding up amidst declines in other commodities, Economic dynamics in the US, China and India can also contribute to price changes. For the US and especially China, their large industrial sectors use Silver in various processes. In India, consumer demand for precious metals for jewelry also plays a significant role in determining silver pricesAs of this writing, silver is at $32,592 Source: Newsmaker.id
Asia-Pacific markets traded higher, tracking Wall Street gains overnight.
Japan's benchmark Nikkei 225 rose 0.41% after hitting a fresh record high on Thursday, while the Topix added 0.61%. South...
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...
Poland rejected on Friday a suggestion by Donald Trump that Russian drone incursions into its airspace could have been a mistake, a rare contradiction of the U.S. president from one of Washington's...