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 continue to strengthen, reaching their highest level since 2011. This surge is driven by strong industrial demand, particularly from the renewable energy, electric vehicle, and technology sectors, while global supply remains constrained. Silver is also considered undervalued compared to gold, making it attractive to investors seeking alternative assets. Technically, long-term patterns such as the cup-and-handle indicate the potential for a major breakout. Coupled with a five-year supply deficit, analysts predict a 15–20% price increase over the next 1–2 years. At the time of...
Gold prices (XAU/USD) rose to a weekly high early in the European session on Thursday as renewed trade concerns boosted demand for traditional safe-haven assets. Furthermore, growing acceptance that the US Federal Reserve (The Fed) will continue its interest rate cut cycle in September proved to be another factor driving capital flows toward the non-yielding yellow metal and contributing to the positive movement. Meanwhile, dovish Fed expectations pushed the US Dollar (USD) to a nearly two-week low in the last hour, providing additional support for gold prices. Source: Newsmaker.id
Silver prices rose to $38.05 on Thursday (August 7), marking a fifth consecutive day of gains. This increase was supported by a weakening US dollar and market concerns over President Trump's planned additional tariffs on China and Japan. Risk-off sentiment drove investors into safe-haven assets like silver. Expectations for a Fed interest rate cut were also a key driver. Weak US employment data strengthened the chances of policy easing, supporting precious metal prices. The market now awaits jobless claims data for short-term direction. At the time of writing, silver was up 0.68% at...
Gold strengthened on Thursday (August 7), driven by renewed safe-haven demand after US President Donald Trump imposed an additional 25% tariff on Indian imports, escalating trade tensions. Adding support to gold, the dollar index hovered near a more than one-week low after surprisingly weak US employment data last week fueled speculation of a US interest rate cut in September. A weaker dollar makes gold cheaper for holders of other currencies. Source: Newsmaker.id
Gold prices weakened slightly on Wednesday (August 6th), consolidating after four days of gains, as investors digested weak US economic data and the possibility of President Donald Trump appointing new members to the Fed board. At 08:30 GMT, spot gold fell 0.4% to $3,366.50 per ounce, while gold futures for December delivery also fell 0.4% to $3,420.72 per ounce. The precious metal had previously recorded four consecutive sessions of gains, including a 2% surge last Friday. Gold Supported by Expectations of a Fed Rate Cut Gold prices have recently been supported by expectations of an...
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...