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 briefly weakened to around $3,750 per ounce on Wednesday, but remained near a new record as the market digested the Fed's comments. Jerome Powell struck a cautious tone—emphasizing the balance be...
Silver opened at 43,958 at the start of the Asian session, holding near its highest level in over 14 years. Market sentiment remains positive after the Fed cut interest rates last week, which has incr...
Gold prices are stable amid global sentiment still influenced by the Federal Reserve's policy direction. Expectations of a US interest rate cut are the main driver, with investors continuing to seek g...
Silver prices continue to demonstrate resilience, holding near 14-year highs. This precious metal is supported by a combination of fundamental factors, ranging from expectations of a US interest rate ...
Oil prices fell for the fifth straight day, the longest losing streak since early August. Pressure arose from signals that global supply will increase and potentially create a surplus in the fourth qu...
Gold briefly weakened to around $3,750 per ounce on Wednesday, but remained near a new record as the market digested the Fed's comments. Jerome Powell struck a cautious tone—emphasizing the balance between stubborn inflation and a weakening labor...
Stocks in Hong Kong edged up 27 points, or 0.1%, to 26,186 in Wednesday morning trade, trying to reverse losses from the prior two sessions as most sectors advanced. Bargain hunting, particularly in property stocks, helped lift the market from its...
Japanese indexes corrected on Wednesday, with the Nikkei 225 down 0.1% to ±45,450 and the Topix down 0.5% to 3,147, erasing the previous session's gains. Pressure came from Wall Street, which retreated from record highs after Fed Chairman Jerome...
Asia-Pacific markets traded higher Monday, tracking Wall Street's gains on Friday stateside, as investors awaited China's key lending rate decision...
Reserve Bank of Australia (RBA) Governor Michele Bullock said that economic data since the August meeting has been slightly better than expected....
India's Trade Minister Piyush Goyal will visit Washington today, September 22, to push forward a long-pending trade deal, following renewed talks...
Economic activity in the UK's private sector expanded at a softer pace in September than in August, with the S&P Global Composite Purchasing...