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 steadied after rallying as traders shifted focus to a key US inflation report due later this week that could shape expectations ahead of the Federal Reserve's final interest rate decision of the year. Bullion prices held near $2,660 an ounce — near a two-week high — after China's central bank added the precious metal to its reserves for the first time in seven months. Geopolitical concerns also fueled demand for safe-haven assets amid fears of a power vacuum in Syria after Bashar al-Assad was ousted from power over the weekend.
Gold prices (XAU/USD) moved higher in the American session, supported by its status as a safe asset amid rising uncertainty in the Middle East following the fall of the Bashar al-Assad regime in Syria.In addition, the People's Bank of China (PBOC) announced over the weekend that it resumed Gold purchases in November after a six-month pause, which provided an additional boost to the precious metal.Data from the US released on Friday revealed that the country's labor market remained solid, but the rising unemployment rate confirmed expectations that the Federal Reserve (Fed) will cut interest...
Silver (XAG/USD) strengthened in the European session on Monday above $31.20 troy ounce. The metal is supported by its dual role as an industrial metal and a precious metal as a safe haven asset. The latest economic data from China provided mixed signals, with the Consumer Price Index (CPI) posting its smallest increase in five months while the Producer Price Index (PPI) showed signs of improvement. These indicators point to moderate stability in China, the world's largest silver consumer, which provides additional support for the metal. Source: newsmaker.id
Gold prices maintained their positive momentum to settle at $2,650 troy ounces, through the first half of the European session on Monday. The US Nonfarm Payrolls (NFP) report released on Friday strengthened bets that the Federal Reserve (Fed) will lower borrowing costs in December. In another report, China's central bank added bullion to its reserves for the first time in seven months. Moreover, political turmoil in South Korea, geopolitical tensions, and trade war fears provided some support to the safe-haven gold prices. However, a stronger US Dollar (USD) supported by bets that the Fed...
Silver prices had increased to $31 in today's Asian trading session (9/12) This was driven by geopolitical tensions in the second week of December which also supported the strengthening of silver prices. Starting from the collapse of the French government, the failed military emergency efforts in South Korea (South Korea), tensions in the Middle East which were compounded by the control of Syria by rebels, to the Russia-Ukraine conflict. Meanwhile, the market currently estimates a 75% chance that the Fed will lower interest rates by 25 basis points at its meeting in December, up from 59% a...
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...