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 price is currently moving in the $2794 area after touching its ATH high yesterday at $2800.Gold rose to a record high as investors flocked to safe haven assets after US President Donald Trump repeated his threat to impose tariffs on Mexico and Canada and also fears that his promises to cut taxes and overhaul immigration could erode US finances and reignite inflation. Federal Reserve Chairman Jerome Powell said on Wednesday that the US central bank is in a "wait and see" mode regarding the potential impact of the new administration's policies. Source: Newsmaker.id
Silver (XAG/USD) price snapped its three-day winning streak, trading around $31.30 per troy ounce during Asian trading hours on Friday (1/31). Daily chart analysis shows continued bullish bias for the precious metal, as its price continues to rise within an ascending channel pattern. Source: Newsmaker.id
Gold rose to a record high as investors flocked to safe havens after U.S. President Donald Trump repeated threats to impose tariffs on Mexico and Canada. Bullion rose as much as 0.2% to $2,799.65 an ounce after prices jumped 1.3% on Thursday, surpassing their previous all-time high set in October. The surge came after Trump said he would follow through with a 25% levy on imports from Canada and Mexico on Feb. 1. He also threatened China with tariffs, without specifying the level. Source: Newsmaker.id
Silver (XAG/USD) prices rose on Thursday (1/30). The precious metal maintained its gains amid dovish signals from major central banks. However, Silver's gains were limited as the Fed delivered an aggressive message by removing language that indicated confidence in inflation moving towards its 2% target. In addition, the central bank acknowledged strong economic growth and labor market conditions. Source: Newsmaker.id
Gold attempted to enter positive territory on Thursday (1/30) as the dollar weakened, while investors focused on U.S. President Donald Trump's tariff plans and a key inflation report for further monetary policy cues. Earlier this week, the White House said Trump still planned to hit Mexico and Canada with steep tariffs on Saturday and that he was "strongly" considering some 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...
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...