United Arab Emirates President Sheikh Mohammed bin Zayed Al Nahyan's tour of Gulf countries is aimed at coordinating positions after Tuesday's Israeli attack on Hamas leaders in Doha, his diplomatic adviser said on Thursday. "The President's Gulf tour reflects a deep conviction in strengthening coordination and cooperation, and in reinforcing the concept of a common destiny," Anwar Gargash said in a post on X. Israel attempted on Tuesday to kill Hamas political leaders in an airstrike on the Qatari capital, escalating its military campaign in the Middle East and prompting a flurry of...
Gold prices hit 11-week high on safe-haven demand amid Trump tariff threats Gold prices edged up to an 11-week high in Asian trade on Wednesday, extending gains for a third straight session as safe-haven demand increased amid concerns about U.S. tariffs under President Donald Trump. Spot gold rose 0.2% to $2,752.29 an ounce, its highest since early November Source: Newsmaker.id
Silver (XAG/USD) prices held steady on Wednesday (1/22), supported by a weaker dollar and as markets flocked to safe haven assets amid uncertainty surrounding potential tariffs from US President Donald Trump. The newly elected President has yet to provide specific details on universal tariffs or additional costs on major trading partners, a key plank of his election campaign. Source: Newsmaker.id
Gold prices were steady in early Asian trading on Wednesday, still supported by a weaker dollar, following President Trump's inauguration on Monday. Trump, who plans to issue executive orders to overhaul border and energy policies and end diversity programs across the federal government, but refrained from immediately imposing new tariffs on Monday. The news eased concerns for some broader commodities. Source: Newsmaker.id
Silver (XAG/USD) prices edged lower, the white metal facing pressure as the US Dollar (USD) rallied strongly after President Donald Trump confirmed that plans to increase tariffs on foreign countries were being delayed, not rejected. On his first day in the White House, Trump said that a universal tariff hike proposal was on the table, but "We're not ready for it."The US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, rebounded sharply from a near two-week low around 108.00, hit on Monday. Historically, a higher US Dollar weighs on precious metals,...
Gold (XAU/USD) prices were boosted by safe-haven inflows and surged above key technical resistance after US President Donald Trump confirmed that he intends to impose 25% tariffs on Canada and Mexico as early as February, as well as tariffs on Silver and Gold. China is not included in the direct levies, Bloomberg reported.The possibility of Trump imposing tariffs on Silver and Gold has caused market uncertainty, pushing premiums for futures contracts higher. President Trump's domestic agenda is the second major driver, which could extend Gold's bullish momentum further and boost demand for...
China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity.
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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...