Floods on Indonesia's holiday island of Bali have killed at least nine this week and affected 600 people, blocking off major roads in the capital and disrupting a busy travel destination, officials said on Wednesday. Continuous heavy rains between Tuesday evening and Wednesday caused the floods and killed five people in Bali's capital Denpasar, Abdul Muhari, the spokesperson of the country's disaster mitigation agency said in a statement. Four more people were killed in the regions of Jembrana, Gianyar, and Badung, Abdul added. Two people were still missing. Out of 600 people affected,...
Gold is headed for a weekly decline, as traders weigh the outlook for interest rates after the U.S. Federal Reserve reduced expectations for a rate cut next year. Bullion is trading above $2,605 an ounce, down 1.6% for the week. The Fed cut interest rates on Wednesday, but investors are more focused on comments from Chairman Jerome Powell, who said that while the bank is "on track to continue cutting," officials must first see more progress on inflation. Lower interest rates are usually positive for gold, as it does not pay interest. Source: Newsmaker.id
Gold (XAU/USD) price extended its solid intraday recovery from a one-month low and rose to a fresh intraday high, around the $2,622 area during the early European session on Thursday (19/12). Global risk sentiment deteriorated in reaction to the Federal Reserve's (Fed) hawkish interest rate cut on Wednesday. This, along with geopolitical risks and trade war fears, turned out to be the main factors driving safe-haven inflows towards the precious metal. Source: Newsmaker.id
Gold is in the $2594 area, This level is included in the negative level at the beginning of Thursday (12/19). This is because traders consider the outlook for interest rates after the Federal Reserve signaled caution over the path of easing next year.The US central bank cut interest rates for the third time in a row, but controlled the number of reductions expected in 2025. Fed Chairman Jerome Powell told reporters that while the bank is "on track to continue cutting," officials must first see more progress on inflation. Note: This article is only an analysis and is not a definitive...
Gold held steady early on Wednesday (18/12) ahead of an expected US interest rate cut later in the day as the Federal Reserve's policy-making committee wraps up its two-day meeting. The precious metal has held within a $5.00 range so far this week, ahead of a widely expected 25 basis point US interest rate cut from the Federal Open Market Committee, the third rate cut in a row. Source: Newsmaker.id
Gold prices were stable in early Asian trading on Wednesday (12/18) as the market awaits the Federal Reserve's interest rate decision, where a rate cut is expected to occur.The direction of future monetary policy is still uncertain, especially due to potential inflationary pressures. 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...
Poland shot down a drone in its airspace on Wednesday with the support of military aircraft from its NATO allies. This is the first time a member of the Western military alliance is known to have...