Gold prices held steady at $3,294 per ounce, despite a 1.4% weekly decline. Uncertainty over new US tariffs boosted safe-haven demand, but a strengthening dollar limited gains. The market now awaits Friday's US jobs data. If the data is weak, the likelihood of a Fed rate cut could increase gold's upside. Other metals, such as silver and platinum, also weakened. Gold prices were at $3,294/oz at the time of writing. Source: Newsmaker.id
The Nikkei 225 jumped 1.17% to close at 38,902 while the broader Topix index gained 1.19% to 2,711 on Monday (20/1), recovering losses from last week as investors prepared for Donald Trump's inauguration and braced for the impact of his potential policies. Domestic data revealed a surprise 3.4% month-on-month rise in Japanese machinery orders in November, defying market expectations for a 0.4% decline and marking the strongest growth in nine months. Looking ahead, the market is focused on the Bank of Japan's upcoming monetary policy decision, especially after hints from central bank...
Asia-Pacific markets traded mostly higher Monday (20/1), ahead of Donald Trump's inauguration with investors awaiting greater clarity on the policies of the incoming U.S. administration. Australia's S&P/ASX 200 rose 0.4%. Japan's Nikkei 225 climbed 1.38%, while the Topix added 1.37%. South Korea's Kospi traded around the flatline and the Kosdaq slipped 0.16%. Hong Kong's Hang Seng index rose 1.19% at the open, while mainland China's CSI 300 inched 0.73% higher as China left its benchmark lending rates unchanged Monday. The People's Bank of China held the 1-year loan prime rate at...
The Nikkei 225 jumped 1% to above 38,800 while the broader Topix index rose 1% to 2,706 on Monday , recovering losses from last week as investors prepared for Donald Trump's inauguration and braced for the potential impact of his policies. Domestic data revealed a surprise 3.4% month-on-month rise in Japanese machinery orders in November, defying market expectations for a 0.4% decline and marking the strongest growth in nine months. Looking ahead, markets are focused on the Bank of Japan's upcoming monetary policy decision, especially after hints from central bank officials about a...
U.S. stocks rallied on Friday to close out a strong week on optimism over the health of the economy and path of interest rates as investors braced for a slew of policy changes under the incoming Trump administration. The S&P 500 and Dow Industrials registered their biggest weekly percentage gains since early November and the Nasdaq recorded its best since early December. Data this week allayed fears that inflation would resurge while expectations have grown that the Federal Reserve will bump up the timing and magnitude of rate hikes this year. The Commerce Department reported on Friday...
European markets closed in positive territory on Friday with London's FTSE 100 ending the session at a record high. The pan-European Stoxx 600 index ended Friday 0.68% higher, with nearly all sectors and all major bourses in the green. Mining stocks led the gains, with the sector up 2% after Bloomberg reported Glencore had been in talks with Rio Tinto to explore the industry's largest ever merger. Novo Nordisk was the one of biggest detractors sliding by 4.3%. The U.K.'s mining-heavy FTSE 100 index strengthened provisionally by 1.35% to surpass a record close above 8,500 points. The rise...