U.S. Treasury Secretary Scott Bessent met with BlackRock Inc executive Rick Rieder in New York on Friday, as the Trump administration continued its search for a new chair for the Federal Reserve, a source familiar with the matter said. Bessent has now spoken with four of the 11 candidates on the administration's list of candidates to replace Fed chair Jerome Powell, whose term expires in May, the source said. Bloomberg first reported Bessent's meeting with Rieder, BlackRock's CIO of fixed income, and called him a rising contender for the post. The two met for two hours and discussed...
Gold strengthened after its sharpest one-day drop this year as traders analyzed mixed signals from the U.S. on China tariff plans. Bullion rose above $3,330 an ounce, after suffering its biggest one-day drop since November in the previous session. Among the latest signals from Washington, Treasury Secretary Scott Bessent cast doubt on a timely resolution of the U.S.-China trade war. That followed more conciliatory remarks from President Donald Trump. Source: Newsmaker.id
Silver fell for a second day, as lingering uncertainty over the U.S.-China trade war kept demand for the second safe-haven asset low. Treasury Secretary Scott Bessent said Wednesday that high tariffs between the U.S. and China need to be reduced before trade talks can resume, though he stressed that President Trump would not unilaterally cut tariffs on Chinese goods.As of this writing, silver is still at $33,295 Source: Newsmaker.id
Gold Up on Thursday (4/24) Gold rose after its sharpest decline in five months, driven by President Donald Trump's more assertive comments on trade wars and the Federal Reserve. Trump's comments sparked risk-on sentiment on Wall Street, which spilled over into a wave of gold selling on Wednesday. Source: Newsmaker.id
Silver (XAG/USD) prices rose on Wednesday (4/23). The white metal gained as fears of an escalating trade war between the United States (US) and China eased after President Donald Trump hinted at a possible deal with Beijing. Theoretically, easing global economic tensions reduce the appeal of the safe-haven asset, Silver. However, the metal is gaining due to its industrial demand. Silver has applications in various industries, such as Electric Vehicles (EVs), electronics alliances, power and cables, mining, etc. Source: Newsmaker.id
Gold fell for a second day on Wednesday as the White House took a more cautious stance on the Federal Reserve's independence and investors weighed comments from the Trump administration on trade. President Donald Trump said Tuesday that U.S. tariffs "will come down substantially but they won't go to zero," and that he didn't see a need to "play hardball" with Chinese leader Xi Jinping. However, Treasury Secretary Scott Bessent said Wednesday that Trump has not offered to unilaterally lower U.S. tariffs on China. 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...