Gold (XAU/USD) rallies for the fifth day in a row. The precious metal pulls back below $2,700 again during the US session on Friday after the US Dollar (USD) gains ground following the release of stronger-than-expected activity data. Overall, however, Gold sees gains as inflaming Russia-Ukraine tensions drive renewed safe-haven flows.
The preliminary US Global Composite PMI rises to 55.3 in November from 54.1 in October, according to data on Friday. The Manufacturing PMI rose to 48.8 in line with expectations and the Services PMI rose to 57.0 from 55.0 previously and beat expectations of 55.3.
The data further strengthens the US Dollar (USD), which is underpinned by the anticipation of the Trump government implementing Dollar-positive policies in January and recent data evidencing a robust US labor market.
Source: newsmaker.id
Gold prices held steady on Tuesday (August 5th), holding near the two-week high reached in the previous session, as weaker-than-expected US employment data raised expectations for a September interest...
Silver prices stabilized during the Asian session on Tuesday (August 5th), after rising in the previous two sessions, amid growing expectations of an interest rate cut by the Federal Reserve (Fed) in ...
Gold prices held steady around $3,380 per ounce during the Asian trading session on Tuesday (May 8) amid strong expectations of a Fed interest rate cut in September, fueled by weak US employment data ...
Gold prices (XAU/USD) have declined from the $3,369 region, a more than one-week high touched during the Asian session on Monday (August 4th), and currently appear to be stagnating after a relatively ...
Gold prices fell slightly on Monday (August 4th) as investors took profits following the sharp rally in the previous session, driven by weaker-than-expected US employment data. Nonfarm payrolls data ...
Oil prices slipped lower Tuesday, continuing recent losses as traders fretted over increased production and deteriorating demand amid increased global economic headwinds. At 08:05 ET (12:05 GMT), Brent oil futures for September fell 0.8% to $68.21...
President Donald Trump said Treasury Secretary Scott Bessent told him he did not want to be nominated to replace Jerome Powell as the next chair of the Federal Reserve. "I asked him just last night, is this something...
Gold futures retreat on rising risk-sentiment, though they remain higher on week. Futures are down 0.6% at $3,407.0 a troy ounce, though they remain up around 2.5% on week following Friday's weaker-than-expected U.S. jobs report. The precious...
European stock markets opened positively this week, with the Euro Stoxx 50 up 0.6% and the broader Stoxx 600 up 0.2%. This rebound follows a sharp...
The European Union will suspend its two packages of countermeasures to U.S. tariffs for six months following a deal with U.S. President Donald...
White House economic advisers on Sunday defended President Donald Trump's firing of the head of the Bureau of Labor Statistics, dismissing criticism...
Tensions and fears are running high in Switzerland, as the deadline to strike a trade agreement with the U.S. looms just days away.
Without a deal,...