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 rose in European trading on Friday as the dollar weakened and geopolitical concerns continued to mount. The precious metal gained on safe-haven demand amid the escalating Russia-Ukraine conflict. However, prices continued to be weighed down by the dollar's continued strength. The metal is down 3.5% in a month. Donald Trump's victory in the U.S. presidential election in early November sparked a selloff as investors took profits and liquidated hedged positions. Source: newsmaker.id
Silver (XAG/USD) recovered from intraday losses and rose to nearly $30.63 in the Asian session on Friday (11/29) after hitting a fresh 11-week low around $29.65. The white metal gained ground as a fresh escalation in the war between Russia and Ukraine has boosted its safe-haven demand. Tensions between Ukraine and Russia escalated after Russia launched Intermediate-Range Ballistic Missiles (IRBMs) against 17 targets in Ukraine including military facilities and their support systems in response to their attack deep inside Russia via the United States (US) ATACMS missiles last week.
Gold was steady amid thin trading due to the US Thanksgiving holiday, with investors weighing the prospect of a Federal Reserve interest rate cut and rising tensions in Ukraine. Bullion traded near $2,640 an ounce on Friday and fell about 3% for the week after a ceasefire between Israel and Hezbollah reduced some demand for the safe-haven asset. Swap markets are pricing in a more than 60% chance the Fed will cut borrowing costs again next month.
Silver prices (XAG/USD) continued their losses for the second straight day, trading around $30.00 per troy ounce during European trading hours on Thursday. The recent ceasefire between Israel and Hezbollah has eased regional tensions, lowering market fears and reducing the demand for Silver. While some uncertainties persist due to ongoing military actions in Gaza, the geopolitical risks appear less acute. Source: newsmaker.id
Gold prices regained strength in Europe on Thursday. Prices have now stabilized after a sharp decline earlier in the session due to a stronger dollar and US markets being closed for Thanksgiving. The decline reflects a recalibration of the geopolitical risk premium embedded in gold prices, with a ceasefire agreement between Lebanon and Israel easing tensions and lowering safe-haven demand. Despite the decline, the precious metal remains supported by strong buying interest at lower levels. 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...
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...