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 Korea's Kospi climbed 0.83%, and the small-cap Kosdaq jumped 0.65%. Australia's benchmark S&P/ASX 200 added 0.41%. Futures for Hong Kong's Hang Seng index stood at 26,464, higher than its last close of 26,086.32. Equities in several parts of the world have been rallying as easing inflation pressures and expectations for U.S. rate cuts boost investor sentiment. "Momentum and the promise of...
Gold is stable at a positive level to start the Asian trading session on Wednesday (5/2). This is supported by the opening attack of the US-China trade war triggering demand for safe haven assets. A weaker dollar makes gold cheaper for many buyers with losses increasing after the US jobs report showed a gradual slowdown in the labor market. China's response has been relatively calm compared to Trump's first term, when Beijing retaliated with tariffs that were almost equivalent to the US, but there are still many concerns about the impact on the world's two largest economies. Source: ads@...
Silver prices traded around $31.50 an ounce on Tuesday (2/4), holding near their highest level since early December as the escalating trade war between the U.S. and China boosted demand for safe-haven assets. China announced retaliatory tariffs after President Donald Trump's 10 percent tariffs on all Chinese imports went into effect. Earlier, Trump agreed to impose 25 percent tariffs on Canada and Mexico for a month after the countries agreed to take tougher action on immigration and drug trafficking. Source: Newsmaker.id
Gold attracted some sellers following an intraday rally that re-approached all-time highs and traded in neutral territory heading into the European session on Tuesday (February 4).However, the decline remained muted amid concerns about the potential economic impact of US President Donald Trump's trade tariffs, which may continue to support safe-haven bullion.In addition, expectations that Trump's protectionist policies will lead to higher US inflation could further benefit the precious metal's status as a hedge against rising prices.Meanwhile, Trump's decision to temporarily suspend tariffs...
Silver edged up in early Asian trade to $31.5 an ounce on Tuesday, near its highest since early December as trade war fears eased along with optimism over stronger demand for manufacturing inputs. US President Trump imposed immediate tariffs of 10% on China and 25% on Canada and Mexico, before delaying action on Mexico and easing concerns about how far the administration would go with protectionism. Source: Newsmaker.id
After hitting a new record high on Friday, the precious metal still has room to rise as the trade war boosts safe haven demand. Concerns about the impact of Trump's policies on the global economy have investors seeking valuable assets such as gold and the Japanese yen. This is what drove gold prices to touch $2,830 on Monday (3/2) At the time of writing, gold was at $2,815 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...
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...