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 stabilized on Wednesday (August 6th) as expectations of a Fed interest rate cut increased following the release of weaker-than-expected US employment data. Besides its role as a precious metal, silver also received support from the industrial sector, particularly amid a recovery in global manufacturing activity and demand from the renewable energy sector. The weakening US dollar also strengthened silver's position as an alternative hedge, while investors began returning to the precious metals market following stock market volatility and uncertainty over the direction of global...
Gold prices held steady on Tuesday (August 5th), holding near the two-week high reached in the previous session, as weaker-than-expected US employment data raised expectations for a September interest rate cut and pressured the US dollar and government bond yields. Spot gold was trading at $3,369.25 per ounce as of 06:29 GMT. Bullion hit its highest level since July 24th on Monday. US gold futures were unchanged at $3,423.20. Source: Newsmaker.id
Silver prices stabilized during the Asian session on Tuesday (August 5th), after rising in the previous two sessions, amid growing expectations of an interest rate cut by the Federal Reserve (Fed) in September. This non-interest-bearing precious metal continues to attract investor interest, particularly as a safe haven asset, as concerns about the Fed's independence mount. These concerns deepened after the surprise resignation of Fed Governor Adriana Kugler, opening the door for US President Donald Trump to accelerate his influence at the central bank by appointing a replacement who favors...
Gold prices held steady around $3,380 per ounce during the Asian trading session on Tuesday (May 8) amid strong expectations of a Fed interest rate cut in September, fueled by weak US employment data last Friday. Market sentiment was also strengthened by political uncertainty regarding the Fed's independence following the resignation of Governor Adriana Kugler. Gold has risen nearly 30% this year, with projections of breaking $4,000 per ounce in 2026.Gold prices at the time of writing were at $3,380/Toz. DISCLAIMERNote: This article is analytical only and is not a definitive reference....
Gold prices (XAU/USD) have declined from the $3,369 region, a more than one-week high touched during the Asian session on Monday (August 4th), and currently appear to be stagnating after a relatively strong recovery from last week's one-month low. The US dollar (USD) attracted buying interest earlier this week, reversing some of the weakness triggered by Friday's weaker US employment data, along with a modest rebound in US Treasury bond yields. This, in turn, has been a major factor undermining the precious metal. 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...