Gold prices were stable on Thursday (August 28th), as investors eyed US inflation data due to be released next Friday. The precious metal had previously received support from concerns over the independence of the Federal Reserve following President Donald Trump's move to remove Fed Chair Lisa Cook. This action sparked temporary safe-haven demand, although the US dollar recovered from earlier this week's weakness.
Market sentiment also highlighted the possibility of a Fed rate cut at its September meeting, which could lower the opportunity cost of holding non-yielding gold. However, the stability of the dollar and rising US bond yields limited the precious metal's gains, holding back any further price movement.
Source: Newsmaker.id
Silver prices rose on Thursday (August 28th), amid growing speculation that the Federal Reserve will cut interest rates sooner than expected. Dovish statements by several Fed officials fueled expectat...
Gold fell to the $3,380 area on Thursday, retreating slightly from a two-week peak ahead of Friday's PCE release (August 29th, WIB), the Fed's inflation benchmark. Political uncertainty—including the ...
Silver hovered around $38,605 during the Asian session on Thursday (August 28th), slightly correcting from the $39.00 area with limited volatility. Intraday, $38.50 serves as the closest support, whil...
Gold prices corrected on Wednesday (August 27th), after rallying to a two-week high earlier, fueled by concerns about the Fed's independence. Safe-haven sentiment began to ease as the US dollar streng...
Silver prices weakened on Wednesday (August 27th), as the US dollar strengthened slightly after being pressured by concerns about the independence of the Federal Reserve. President Donald Trump's atte...
The European Commission proposed on Thursday removing duties on imported U.S. industrial goods in return for reduced U.S. tariffs on European cars, a key part of the trade agreement the EU and the United States struck last month. The proposals...
Markets are kicking around the idea of a Federal Reserve rate cut in September, but Morgan Stanley isn't sure, warning that the odds may be closer to 50-50 despite widespread expectations. Strong economic indicators including solid GDP growth,...
The S&P 500 notched a record high close on Thursday after Nvidia's quarterly report fell short of investors' high expectations but confirmed that spending related to artificial intelligence infrastructure remains strong. Shares of Nvidia...
The Conference Board's measure of consumer confidence fell to 97.4 in August from 98.7 in July, compared with a larger decrease expected to a...
Asia-Pacific markets mostly fell Tuesday, tracking losses on Wall Street, as investors weighed U.S. President Donald Trump's comments on...
Russia launched a massive drone attack on energy and gas transportation infrastructure in six Ukrainian regions overnight, leaving more than 100,000...
U.S. President Donald Trump said on Monday evening that Federal Reserve Governor Lisa Cook was to be removed from her post, effective immediately,...