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 risks appear skewed to the upside ahead of Trump's inauguration, as investors brace for policy changes that could have economic implications, said Pepperstone research strategists. Trump's executive orders are likely to dictate gold's direction in the coming weeks, he added. Gold is already up 3% YTD, above $2,700, amid political and trade uncertainty. If Trump imposes tariffs that disrupt trade flows and increase economic volatility, gold's role as a safe haven asset will be strengthened. Source: Newsmaker.id
Silver prices continued to fall below $30.30 an ounce on Monday, after posting a third straight weekly gain as lower underlying U.S. inflation strengthened expectations for further Federal Reserve interest rate cuts this year. Traders were wary of Donald Trump's inauguration as U.S. president on Monday night, which could herald an era of massive tariffs, trade wars and widespread market turmoil. Meanwhile, in the Middle East, a long-overdue ceasefire in the Gaza war came into effect as Hamas released three female hostages in exchange for 90 Palestinians held in Israeli jails. Source:...
Gold prices fell in early Asian trading on Monday, extending the previous session's decline as a stronger US dollar weighed on the bullion metal and markets awaited the inauguration of US President Donald Trump. However, gold last week posted a weekly gain of 0.5%, its third straight weekly gain. Concerns surrounding tariffs in the global economic landscape, along with potentially stubborn inflation and geopolitical uncertainty, will spur capital flows into gold as a safe haven asset. Source: Newsmaker.id
Gold prices traded flat in the mid-day U.S. session on Friday, holding near a one-month high and on track for a third weekly gain. Recent U.S. economic data, including cooler-than-expected core inflation and disappointing retail sales figures, have reignited hopes that the Federal Reserve could cut interest rates more than once this year. In addition, the potential for tariffs under the incoming Donald Trump administration, which could further fuel inflation, has also strengthened gold's position as an inflation hedge. On the geopolitical front, a ceasefire and hostage release agreement...
Gold (XAU/USD) prices maintained their negative bias through the first half of the European session on Friday (17/1), albeit lacked any follow-through selling and remained near one-month highs touched the previous day. The US Dollar (USD) regained some positive traction and for now, seems to have snapped three consecutive days of losing streak amid growing acceptance that the Federal Reserve (Fed) will pause its interest rate-cutting cycle later this month. This, along with a generally positive tone around the equity markets, turned out to be key factors undermining the precious...
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.
It...
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...