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 held steady on Wednesday (August 13th), as investors weighed the Federal Reserve's policy outlook following the latest CPI release. Tariff-fueled inflation concerns and strengthened expectations of a 25 bps Fed rate cut in September, boosting the appeal of non-yielding bullion. Market focus will now turn to the upcoming US data series on PPI, weekly jobless claims, and retail sales to test the consistency of the disinflationary trend and the direction of monetary policy. Meanwhile, regulatory uncertainty continues to cloud sentiment. Market participants await clarity on the status of...
Oil prices remained largely unchanged after the US and China extended a tariff ceasefire until November 10, easing fears of a trade war that could depress energy demand. Brent fell to $66.27 and WTI to $63.51 per barrel. The market now awaits the Trump-Putin meeting on Friday to discuss peace in Ukraine, amid US pressure on Russian oil buyers. The outcome could determine the direction of oil prices going forward.Brent oil prices were at $66.41/Try Once at the time of writing. DISCLAIMER Note: This article is analytical only and is not a definitive reference. Pay attention to developments...
Silver prices (XAG/USD) strengthened after dropping about 2% in the previous session, trading around $37.80 per troy ounce during European trading hours on Tuesday (August 12th). Silver attracted buyers after US President Donald Trump announced on Monday evening that he would delay the implementation of massive tariffs on China for an additional 90 days. The decision came just hours before the previous agreement between the world's two largest economies was scheduled to expire. Source: Newsmaker.id
Gold prices (XAU/USD) maintained their moderate intraday gains throughout the first half of the European session on Tuesday, albeit with less optimism as traders awaited the release of US consumer inflation figures. This important data will play a key role in influencing expectations regarding the Federal Reserve's (Fed) interest rate cut path, which in turn will boost the US Dollar (USD) and provide a significant boost to the non-yielding yellow metal. Source: Newsmaker.id
Silver prices rose slightly on Tuesday morning (August 12th) to around US$37.80 per ounce, up around 0.4% compared to the previous close. This increase occurred after a correction of more than 1.9% yesterday due to the strengthening US dollar and market uncertainty regarding precious metals tariff policies. Despite short-term pressures, the long-term outlook for silver is considered positive. HSBC even raised its projection for the average silver price in 2025 to US$35.14 per ounce, driven by rising gold prices, demand for safe-haven assets, and an estimated global supply deficit of 206...
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...
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...