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...
Silver prices surged higher in Europe on Thursday (1/16). The white metal gained as traders increased bets in favor of the Federal Reserve (Fed) delivering more than one interest rate cut this year. Traders are pricing in two rate cuts this year, with the first coming in June instead of September, as had been expected before December inflation data was released. Until this news was released, the price of Silver was at $ 31,788 Source: Newsmaker.id
Gold prices surged above the $2,700 mark as the Dollar pared some of its earlier gains. Data from the United States (US) revealed that the economy remains solid after the release of consumer spending and jobs data. US Treasury yields fell as traders expect further easing by the Federal Reserve (Fed). At the time of writing, XAU/USD was trading at $2,715, up 0.72%.Bullion extended its gains as market participants prepared for the inauguration of US President-elect Donald Trump. The US Census Bureau revealed that Retail Sales missed estimates in December. However, November's data was revised...
Silver prices jumped on Thursday, hitting a one-month high after softer U.S. inflation data supported expectations for further interest rate cuts from the Federal Reserve this year. U.S. retail sales rose less than expected in December and initial jobless claims rose sharply in January, putting some pressure on the dollar. The prospect of lower U.S. interest rates could boost demand for commodities by boosting economic growth and weakening the dollar. Source: Newsmaker.id
Gold prices continued their climb above the $2,700 level on Thursday, after U.S. retail sales data rose less than expected in December and initial jobless claims rose sharply in January, weakening the dollar slightly. The results also support the Fed's interest rate cut to prevent a sharper economic slowdown this year, after yesterday's softer core CPI figure hit gold prices. Elsewhere, Israel and Hamas reached a ceasefire and hostage agreement, easing demand for safe-haven assets. Source: Newsmaker.id
Gold rose on safe-haven demand ahead of Donald Trump's inauguration. The precious metal's strong start to the year is set to continue in the short term, given the incoming administration of US President-elect Donald Trump, MUFG analysts wrote. The incoming Trump administration will boost safe-haven demand and play into the fear-related dimension of MUFG's bullish outlook for gold in 2025, the analysts said in a note. Source: Newsmaker.id
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...