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 rose to a new record high on Friday (11/4) as concerns about the impact of tariffs on the global economy continued to drive investors to seek safety in the precious metal even after U.S. inflation data eased. Bullion edged up in early Asian trading on Friday (11/4) to above $3,204 an ounce. That surpassed the previous record set in the previous session, when it closed more than 3% higher for a second straight day. Source: Newsmaker.id -ads
Silver prices fell below $31 an ounce on Thursday (4/10), after extending gains for a second session as commodities bounced back after Trump's reversal of his tit-for-tat tariff policies. Meanwhile, minutes from the latest FOMC meeting revealed that most officials expressed concerns about the risk of stagflation. They also flagged the potential consequences of Trump's trade policies on the Fed's dual mandate of price stability and maximum employment. Source: Newsmaker.id
Silver prices rose above $31 an ounce on Thursday, extending gains for a second session as commodities bounced back after Trump's reversal of his tit-for-tat tariff policy. Trump lowered new tariffs on imports from most U.S. trading partners to 10% for 90 days to allow for trade negotiations. However, major Chinese consumers remain subject to steep 125% tariffs amid ongoing tit-for-tat escalations between Washington and Beijing—maintaining a level of geopolitical and economic uncertainty that continues to support safe-haven demand. Source: Newsmaker.id
Gold prices rose more than 2% on Thursday (10/4) during the European session, extending the previous session's sharp rise, as a weaker dollar and an escalating trade war between the US and China prompted investors to turn to the precious metal as a safe haven asset. Part of the dollar pressure was the result of falling US Treasury yields in Asian and European trade. The dollar weakened even as a sharp sell-off in Treasuries caused yields to rise. Meanwhile, US President Donald Trump said yesterday that he would temporarily lower large import duties on dozens of countries, but raised...
Silver (XAG/USD) prices continued to rise for the second straight day, trading near $31.10 per troy ounce during the Asian session on Thursday. The grey metal surged nearly 4% in the previous session, boosted by renewed safe-haven demand amid escalating US-China trade tensions.As of this writing, Silver is trading at $31,054 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...