The Hang Seng rose 169 points or 0.7% to close at 24,902 on Tuesday, reversing early losses and marking its second consecutive session of gains. Sentiment improved after a private survey showed China's services activity grew at the fastest pace in 14 months in July, supported by rises in new orders, foreign sales, and employment. A rally on Wall Street also lifted mood, as weaker U.S. jobs data fueled bets on a Fed rate cut in September. Gains were broad-based, led by financials, tech, and consumers, as investors looked past weather-related disruptions in Hong Kong, including heavy rain...
Silver prices were steady in the European session on Wednesday (6/10). The white metal consolidated as investors awaited the US Consumer Price Index (CPI) data for May, which will be published at 12:30 GMT. Economists expect US headline inflation to accelerate to 2.5% annually, compared to 2.3% in April. In the same period, core CPI – which excludes volatile food and energy prices – grew by 2.9%, faster than the previous release of 2.8%. On a monthly basis, headline and core CPI are expected to grow by 0.2% and 0.3%, respectively. The rising price pressure scenario will allow Federal...
Gold prices rose on Wednesday as uncertainty surrounding the finalization of a US-China trade deal weighed on sentiment and prompted some safe-haven buying, with investors awaiting key US inflation data for further market direction. Spot gold was up 0.5% at $3,337.99 an ounce, as of 0544 GMT. US gold futures were up 0.5% at $3,359.20. US and Chinese officials said on Tuesday they had agreed on a framework to get their trade truce back on track and remove restrictions on China's rare earth exports, after two days of negotiations in London, with both sides planning to seek approval from...
Gold prices edged higher on Tuesday (6/10) as investors awaited further clarity on US-China trade talks and awaited key US inflation data due later this week that could provide insight into the Federal Reserve's future interest rate decisions. Top officials from the world's two largest economies sought to defuse a bitter dispute that has spilled over from tariffs to restrictions on rare earths, with trade talks stretching into a second day in London. Source: Newsmaker.id -alg
Gold prices were stable in the European session on Tuesday (10/6), supported by market players awaiting developments from the second day of US-China trade talks in London, while a stronger dollar limited potential gains. US President Donald Trump said his administration was "successful" in the negotiations. Last month, the two sides agreed to temporarily suspend tariffs on each other, which provided some relief to financial markets. Source: Newsmaker.id -ayu
Silver prices fell, but remained above $36.00 per troy ounce during the Asian session on Tuesday. Precious metals prices, including silver, were pressured by a stronger US dollar, weaker demand amid growing hopes for an easing of tensions between the United States (US) and China, which continued their talks for a second day on Tuesday. The US indicated that it would ease certain restrictions on technology exports, in return for assurances that China would ease restrictions on rare earth shipments. According to US and Chinese officials are expected to meet again for a second day on...