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,...
Silver prices climbed above $30.40 per ounce on Wednesday, recovering some losses from earlier in the week as the dollar pulled back from recent highs. Investors were also awaiting key US economic data to assess the outlook for potential Federal Reserve interest rate cuts. Minutes from the Fed's November meeting showed officials were optimistic about easing inflation and a resilient labor market, supporting the case for further rate cuts. However, they indicated a preference for gradual adjustments. Markets are currently pricing in a 63% chance that the Fed will reduce rates by another...
Gold price (XAU/USD) sticks to modest intraday gains near a two-day high, above the $2,650 level, through the first half of the European session as geopolitical risks and US President-elect Donald Trump's tariff plans drive haven flows for the second straight day. Furthermore, sliding US Treasury bond yields keep the US Dollar (USD) depressed near the weekly trough and assist the commodity in building on the overnight bounce from the $2,600 neighborhood, or a one-week low. Apart from this, a weaker tone around the European equity markets turns out to be another factor that benefits the...
Silver (XAG/USD) prices remained stable near $30.50 per troy ounce during Asian trading hours on Wednesday (11/27). Daily chart analysis suggests a possible shift in momentum from bearish to bullish as the currency pair has been moving down along the upper boundary of a descending channel pattern. However, the 14-day Relative Strength Index (RSI) is currently below the 50 level, indicating a prevailing bearish sentiment. Furthermore, the XAG/USD currency pair remains below the 14- and nine-day Exponential Moving Averages (EMA), which signal a bearish outlook and indicate weakening...
Gold prices were steady on Wednesday (11/27) during the Asian trading session, boosted by a ceasefire agreement in the Middle East that weakened demand for safe haven assets, and investors awaited US economic data that would provide clues on the Federal Reserve's interest rate path. Gold prices are still up more than 25% this year on US monetary policy easing and rising geopolitical risks, but have been hit by a stronger dollar this month following Donald Trump's election victory. Source: newsmaker.id
Silver (XAG/USD) prices bounced around the $30.40 level on Tuesday, after falling sharply in the previous session. The white metal gained ground temporarily as the US Dollar (USD) weakened. However, its outlook has weakened as its safe-haven demand has weakened due to a potential de-escalation in the war between Israel and Iran. Israeli Ambassador Mike Herzog told on Israeli Army Radio that a ceasefire deal to end fighting between Israel and Lebanon-based Hezbollah fighters could be reached "within days", AlJazeera reported. Potential truce talks have diminished safe-haven demand for...
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...