Gold prices fell slightly on Friday (December 19), pressured by a stronger dollar and year-end investor positioning, but are poised to end the week higher as weaker US inflation data raised speculation of an interest rate cut. Spot gold prices fell 0.1% to $4,326.29 an ounce at 09:35 GMT, but are expected to post a weekly gain of 0.6%, having returned to near the record high reached in October. US gold futures fell 0.2% to $4,354.80. Spot silver prices rose 0.7% to $65.90 an ounce, expected to end the week up 6% after hitting an all-time high of $66.88 on Wednesday. Silver has risen 128%...
U.S. consumer prices increased by the most in five months in June amid higher costs for some goods, suggesting tariffs were starting to have an impact on inflation and potentially keeping the Federal Reserve on the sidelines until September. Softening demand as consumers hunker down, however, is limiting price increases for services like airline fares and hotel and motel rooms, keeping underlying inflation muted for now. That trend, if sustained, could ease concerns of a broad-based rise in price pressures from tariffs. Nonetheless, economists generally expect the tariff-induced rise in...
U.S. President Donald Trump on Tuesday announced a trade deal with Indonesia, the latest pact in a bid to cement better terms with trading partners and reduce a massive trade deficit, even as the European Union readied retaliatory measures should talks between Washington and its top trading partner fail. "Great deal, for everybody, just made with Indonesia. I dealt directly with their highly respected President. DETAILS TO FOLLOW!!!" Trump said in a post on Truth Social. Indonesia's total trade with the U.S. - totalling just under $40 billion in 2024 - does not rank in the top 15, but it...
President Donald Trump's renewed calls for Federal Reserve Chair Jerome Powell's resignation have prompted investors to protect portfolios against the risk of higher inflation, as a central bank more willing to lower interest rates could fuel price rises and make lenders demand higher compensation to hold bonds. While a Fed chief more friendly to cutting rates could be mixed for equities in the short term, it would translate into a weaker U.S. dollar, increased volatility in the Treasuries market and higher longer-term rates, meaning more expensive borrowing costs for mortgages and...
The annual core consumer price inflation rate in the United States, which excludes volatile items like food and energy, ticked up to 2.9% in June 2025, from a four-year low of 2.8% previously, just below market estimates of 3%. On a monthly basis, core consumer prices rose by 0.2%, following the 0.1% increase in May and compared with market expectations of a 0.3% gain.(alg) Sumber: Trading Economics
US President Donald Trump announced new weapons for Ukraine on Monday, threatening sanctions against buyers of Russian exports unless Russia agrees to a peace deal. This represents a major policy shift fueled by frustration over Moscow's ongoing attacks on its neighbor. However, Trump's sanctions threat came with a 50-day grace period, a move welcomed by investors in Russia, where the ruble recovered from earlier losses and the stock market rallied. Meeting with NATO Secretary General Mark Rutte in the Oval Office, Trump told reporters he was disappointed with Russian President Vladimir...
President Donald Trump warned on Monday that he would impose secondary tariffs of 100% on Russia if a peace deal with Ukraine isn't reached within 50 days. "We are going to be doing very severe tariffs if you don't have a deal in 50 days, perhaps 100%," he said during a meeting with NATO Secretary-General Mark Rutte. These secondary tariffs would penalize any country trading with Russia, allowing the U.S. to impose steep duties on imports from those nations. While U.S. trade with Russia dropped to $3.5 billion in 2024, indirect trade routes remain significant. Trump's proposed 100% rate is...
President Donald Trump urged the Federal Reserve to slash interest rates to 1%, arguing it would reduce federal borrowing costs and boost economic growth. "We need a 1% rate. The Fed is killing growth," he said on Monday. The federal funds rate currently stands at 5.25–5.50%, where the Fed has held it to control inflation and prevent economic overheating. Dropping rates to 1% would represent the most aggressive monetary easing since the COVID-19 pandemic. Trump's call comes as federal debt servicing costs climb toward historic highs. While a lower rate could ease short-term interest...
President Donald Trump on Monday threatened to impose "secondary tariffs" on Russia's trade partners "at about 100%" if President Vladimir Putin does not agree to a deal to end his invasion of Ukraine in 50 days. "We're very, very unhappy with them, and we're going to be doing very severe tariffs, if you don't have a deal in 50 days, tariffs at about 100%, they call them secondary tariffs," Trump said from the White House while meeting with NATO's secretary general, Mark Rutte. The president said that he is "disappointed" with Putin, because he thought they would have had a deal months...
Gold rises in the early Asian trade. There's a broad commodities uptrend, driven by macro uncertainty, a weaker dollar, and persistent demand for "hard" assets, says Fawad Razaqzada, market analyst...
Oil extended declines after OPEC+ agreed to a bigger-than-expected production increase next month, raising concerns about oversupply just as US tariffs fan fears about the demand outlook.
Brent...
The Japanese Yen (JPY) weakened against its US counterpart and reversed part of Friday's recovery from the lowest level since July 23 following Bank of Japan (BOJ) Governor Kazuo Ueda's remarks....