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...
Silver prices fell below $30 an ounce on Tuesday (08/4), following increased volatility as investors continue to navigate shifting global trade dynamics and their impact on economic expectations and tariffs. The precious metal came under pressure last week amid broad risk-off sentiment, as fears of a tariff-driven global recession sparked a wave of liquidation across asset classes. Source: Newsmaker.id
Gold prices fell again on Tuesday (4/8) as the White House announced that 104% tariffs on China would go into effect at noon Eastern Time, Press Secretary Karoline Leavitt said, in retaliation for China's 34% tariffs on U.S. exports. She added that the tariffs would be levied starting April 9. Investors are now awaiting the minutes of the U.S. Federal Reserve's latest policy meeting on Wednesday for further clues on the direction of interest rate cuts. Source: Newsmaker.id
Gold prices rose on Tuesday, helped by global trade tensions between the U.S. and its major trading partners, and a weaker dollar. Spot gold rose 0.8% to $3,005.21 an ounce by 0847 GMT, after hitting its lowest level since March 13. U.S. gold futures rose 1.6% to $3,020.70. Spot gold remains up nearly 15% for the year, driven by geopolitical and economic uncertainty, strong central bank demand and rising flows into gold-backed exchange-traded funds (ETFs). Source: Newsmaker.id
Silver (XAG/USD) prices posted modest gains around $30.15 during Asian trading hours on Tuesday (4/8). Silver's gains may be limited as investors liquidate positions to secure profits, possibly covering losses or margin calls on declining asset valuations, triggered by concerns over a global trade war. However, a weaker greenback may help limit losses in the USD-denominated commodity. At the time of writing, silver prices were trading at $30,179. Source: Newsmaker.id
Silver's downtrend has stalled and may be ready to rise due to several technical factors. The economic dynamics of 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 prices.As of this writing, Silver is at $30,081 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...