Tuesday, 29 July 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Gold Continues to Fall
Friday, 28 February 2025 03:53 WIB | GOLD |GOLDEMAS

Gold prices fell to $2,880 an ounce on Thursday (27/2) after hitting a record high of $2,950 on Monday, pressured by a stronger U.S. dollar after President Donald Trump announced a new set of tariffs on major trading partners. The U.S. president announced 25% tariffs on Canada and Mexico for next week, minutes after Treasury Secretary Bessent only hinted at them for April. In addition, Trump announced restrictions on China and new levies on the European Union, further hurting demand for foreign currencies and boosting the U.S. dollar. On the economic data front, recent data continued to show an annualized growth rate of 2.3% for the U.S. in Q4. However, concerns about a weakening economy persist as a surge in jobless claims challenges a tight U.S. labor market. Elsewhere, signs of weakening physical demand emerged, as Chinese gold imports via Hong Kong fell to a nearly three-year low in January, while Swiss data last week showed a 99% year-on-year drop in gold exports to China. (Newsmaker23)

Source: Trading Economics

RELATED NEWS
Gold hovers near 3-week low as trade war fears ebb, dollar firms ...
Tuesday, 29 July 2025 12:15 WIB

Gold prices were little changed on Tuesday, hovering near a three-week low, as easing fears of a global tariff war and a stronger dollar dampened bullion's safe-haven appeal. Spot gold held its groun...

Gold Consolidates; Trade-Deal Hopes May Weigh -- Market Talk ...
Tuesday, 29 July 2025 07:10 WIB

Gold consolidates in the early Asian session, but may be weighed by trade-deal hopes. The Trump administration engaged in negotiations with China in Sweden on Monday, with additional discussions expec...

Gold slumps as EU-US trade deal dampens demand for safe havens...
Monday, 28 July 2025 23:22 WIB

Gold is trading in a narrow range on Monday, as economic data, easing trade tensions, and the fragility of the US Dollar continue to influence price action. At the time of writing, Gold is trading ne...

Gold Weakens On Risk Sentiment Following US-EU Tariff Deal; Focus On The Fed ...
Monday, 28 July 2025 18:11 WIB

Gold prices held steady on Monday (July 28), with gains capped by improved risk sentiment following the trade deal between the United States and the European Union, while investors awaited the US Fede...

Gold stages rebound on dollar weakness; US, EU ink tariff deal...
Monday, 28 July 2025 12:06 WIB

Gold prices gained in choppy trading on Monday, as a weaker dollar helped to offset pressure from improved risk appetite after United States and European Union announced a trade framework agreement. ...

LATEST NEWS
European Shares Gain as Attention Moves to Corporate Earnings

European stocks traded higher on Tuesday, with the STOXX 50 rising 0.5% and the STOXX 600 up 0.3%, rebounding from losses in the previous session as investor focus shifted to corporate earnings. Philips led the gains, jumping around 10% after...

Japan stocks lower at close of trade; Nikkei 225 down 0.77%

Japan stocks were lower after the close on Tuesday, as losses in the Paper & Pulp, Transport and Communication sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 0.77%. The best performers of the session on the Nikkei...

Silver Pressured by Dollar Strength

Silver prices remained under pressure on Tuesday, holding below $38.20 per ounce and hovering near two-week lows as a strong US dollar continued to weigh on the market. The dollar's strength was supported by recent global trade agreements that are...

POPULAR NEWS
European stocks close lower as EU-U.S. trade deal optimism wanes
Tuesday, 29 July 2025 00:34 WIB

Europe's Stoxx 600 index erased earlier gains to close 0.23% lower as investors turned less positive over the details of the U.S.-EU trade...

Europe Reacts With A Mix Of Relief And Concern Over US Trade Deal
Monday, 28 July 2025 17:25 WIB

European governments and companies reacted with a mix of relief and concern on Monday (July 28th) to the framework trade agreement reached with US...

Trump announces trade deal with EU following months of negotiations
Monday, 28 July 2025 07:35 WIB

The United States and European Union have reached a landmark trade agreement that includes a 15% tariff on EU goods entering the U.S., President...

Dow Jones Industrial Average grapples with direction ahead of heavy week
Tuesday, 29 July 2025 04:12 WIB

The Dow Jones Industrial Average (DJIA) tested all-new record highs early Monday, clipping into the high side in early trading before the weight of...