The Hang Seng rose 66 points, or 0.3%, to close at 19,286 on Wednesday, rising for a second session amid gains mainly from financials and property. The index eased off a near four-month low after China's central bank today injected the second-largest amount of cash into the economy via 7-day reverse repos to meet demand ahead of the Lunar New Year. Meanwhile, data on Tuesday showed that new yuan loans jumped in December after falling to their lowest since 2012 in November. However, further gains were capped by concerns over trade tensions between Beijing and Washington, with the U.S....
Gold prices rose on Wednesday (15/1) as the US dollar and Treasury yields weakened, while market participants awaited US inflation data for clues on the Federal Reserve's interest rate strategy. In addition, an upbeat US monthly jobs report released on Friday reaffirmed the Federal Reserve's (Fed) hawkish outlook and kept US Treasury bond yields elevated, which contributed to driving flows away from non-yielding Gold prices. Source: Newsmaker.id
Silver prices rose and were in the $30 per troy ounce area on Wednesday (15/1) as market participants await a key US inflation report that could influence the Federal Reserve's interest rate decision later this month. Earlier this week, silver faced downward pressure as stronger-than-expected US jobs data dampened expectations for further Fed rate cuts this year. Despite the recent decline, the metal's value continues to be supported by strong industrial demand, particularly in renewable energy and electronics technology, as well as ongoing supply concerns. In addition, investors remain...