The European Central Bank (ECB) announced on Thursday that it kept its key interest rates unchanged after its September policy meeting, as expected. With this decision, the main refinancing operations rate, the marginal lending facility rate, and the deposit facility rate remained at 2.15%, 2.4%, and 2%, respectively. (alg) Source: FXstreet
Silver (XAG/USD) prices traded below $29 per troy ounce on Tuesday (12/31), this is the lowest level since September, amid an aggressive Fed outlook and uncertain demand for silver's industrial utilities. Inflation concerns prompted the FOMC to project fewer interest rate cuts for the coming year, prompting the market to cut its exposure to non-yielding bullion assets. While previous rate cuts by the Fed supported bullion enough to lift silver prices by 23% this year, pessimistic demand for silver as an industrial input has pushed the metal to perform far below gold in the period. Silver...
Silver (XAG/USD) prices traded sharply lower in thin pre-New Year volume conditions on Monday. The white metal was under pressure overall as the US Dollar (USD) outlook remained firm on expectations that a moderate policy easing cycle by the Federal Reserve (Fed) in 2025 would keep US Treasury yields elevated. The 10-year US Treasury yield fell 0.5% in the European session on Monday but is still almost 15% higher this calendar year near 4.60%. The US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, edged lower but remained broadly sideways around...
Gold prices fell in midday U.S. trading on Monday, but prices remained in a relatively narrow range amid low holiday volumes. Gold prices were down about 0.1%. The precious metal has rallied strongly in 2024 and is up more than 20% so far this year amid rising geopolitical tensions. However, prices have been relatively flat since early November. This likely reflects a combination of a stronger U.S. dollar and Treasury yields, and easing tensions in the Middle East. Source: Newsmaker.id
Silver prices moved steadily in the $29 area this evening. The white metal was broadly under pressure as the US Dollar (USD) outlook remained strong on expectations that a moderate policy easing cycle by the Federal Reserve (Fed) in 2025 would keep US Treasury yields high. Source: Newsmaker.id
Gold (XAU/USD) prices recovered recent losses from the previous session, despite lower trading volumes on Monday (12/30) than usual ahead of the New Year holiday. Safe-haven Gold gained support as markets anticipated signals about the United States (US) economy under the incoming Trump administration and the Federal Reserve (Fed) interest rate outlook for 2025. Safe-haven demand for the yellow metal could increase as potential tariffs and trade policies by the incoming Trump administration, which could trigger trade conflicts, boost risk-off sentiment. 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.
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...