The U.S. dollar was broadly steady on Wednesday, after a sell-off in some parts of bond markets globally in the prior session weighed on its currency peers and allowed the greenback to gain back some recently lost ground. Rising concerns over finances in countries from the U.S. to Japan partially helped to drive up longer-dated bond yields, which tend to move inversely to prices. The uptick in yields has shown signs of easing, with longer-dated European bonds stabilizing, although yields in countries like Germany and France remain close to multi-year highs. Yields on Japanese bonds have...
Gold prices are steady in the $2018 range in Europe and ahead of US Inflation data.Investors weigh Trump's latest move to ease his trade war threat against Ontario just hours after saying he would double tariffs on Canadian steel and aluminum to 50%. The president also downplayed the risk of a recession caused by tariffs. Source: Newsmaker.id
Gold edged up early in the Asian session, supported by concerns about a global economic slowdown that could be triggered by tariffs. President Trump on Tuesday threatened to double tariffs on Canadian metals, but later backed off the threat after the province of Ontario dropped a surcharge on electricity bound for the U.S. There are growing concerns about a potential economic slowdown in the U.S., FlowCommunity's Ruben Ferreira said in an email. Source: Newsmaker.id
Gold prices moved above the $2900 area during the European session on Tuesday (11/3).This was supported by the effect of the headline from the leaders of the German Green coalition, who said this morning they had given the green light to a defense spending deal. That boosted confidence in the Euro (EUR) and triggered a new decline in the US Dollar Index (DXY), which opened the door for Bullion to surge. Source: Newsmaker.id
Silver prices (XAG/USD) surged sharply in the European session on Tuesday (11/3). The white metal strengthened as the US Dollar (USD) faced a sharp sell-off, with investors being cautious about the outlook for the United States (US) economy due to President Donald Trump's tariff agenda. The US Dollar Index (DXY), which tracks the value of the Greenback against a basket of six major currencies, fell near 103.35, the lowest level seen in four months. A lower US Dollar makes precious metals, such as Silver, more attractive to investors. Source: Newsmaker.id
Gold (XAU/USD) struggled to capitalize on its modest intraday uptick from a one-week low and remained below the $2,900 level through the Asian session on Tuesday (11/03). Uncertainties surrounding US President Donald Trump's trade policies and its impact on the global economy continued to weigh on investor sentiment. This, in turn, helped the safe-haven bullion to attract some intraday dip buyers near the $2,880 region. Source: Newsmaker.id
Silver prices were little changed on Monday (3/10) after a strong weekly gain of 4.4%, as trade tensions continued to dominate the news and investors awaited U.S. inflation data for insight into the Federal Reserve's next policy move. Market uncertainty deepened after President Donald Trump warned that Canada could soon face retaliatory tariffs on dairy products and lumber. This comes after the U.S. delayed 25% tariffs on a range of Canadian and Mexican goods for a month, while Canada's retaliatory measures remain in place and China's tariffs on certain U.S. agricultural products take...
Gold prices tended to fall at the start of the European trading session, Monday (10/3), and are still stuck in the familiar range of $2897 to $2900 which has persisted for the past week or more. However, the decline remained under control amid concerns about global trade conflicts, which continue to provide support for gold bullion which is a safe haven asset. Source: Newsmaker.id
Gold edged higher in early Asian trading, supported by the prospect of a U.S. recession that could boost the precious metal's appeal as a safe haven. In an interview with Fox News on Sunday, President Trump refused to rule out a U.S. recession this year. "Traders and investors are reacting to the sharp and sudden decline in U.S. economic data," Ole S. Hansen of Saxo Bank said in a research report. Source: Newsmaker.id
Gold (XAU/USD) is extending its decline on Wednesday for a second consecutive day as the US Dollar (USD) and US Treasury yields firm ahead of the release of the Federal Open Market Committee (FOMC)...
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....