Hong Kong stocks fell 50 points, or 0.2%, to 24,851 in Wednesday morning trading, ending a two-day winning streak amid weakness in the technology, consumer discretionary, and financial sectors. Sentiment worsened after Wall Street closed lower overnight, as weak US data underscored the economic impact of tariffs on activity and earnings. Risk appetite was further dented by reports that two Chinese nationals were arrested in California for allegedly smuggling AI chips, including the Nvidia H100, to China. Caution also grew ahead of China's July trade data and inflation report, with lingering...
Gold rose on Thursday (06/05) in Asian trading, holding gains, after weaker-than-expected US data reinforced expectations that the Federal Reserve will cut interest rates at least twice this year to stave off a recession. Meanwhile, concerns about worsening tensions between the US and some of its major trading partners resurfaced after President Donald Trump doubled tariffs on steel and aluminum to 50%. Separately, he called his Chinese counterpart Xi Jinping "very difficult to make a deal with". Source: Newsmaker.id
Gold rose on Wednesday, supported by a weaker dollar and weak US data, as investors grappled with rising economic and political uncertainty. US President Donald Trump said his Chinese counterpart Xi Jinping was tough and "very difficult to deal with", just days after accusing Beijing of breaking a deal to lift tariffs. Source: Newsmaker.id
Gold prices edged up on Wednesday as a weaker dollar and escalating trade tensions between the United States and China boosted demand for the safe-haven metal. Spot gold was up 0.1% at $3,355.46 an ounce, as of 0836 GMT. U.S. gold futures edged up 0.1% to $3,379.80. The dollar index, which measures the greenback against a basket of six major currencies, fell 0.1%, making gold more attractive to holders of other currencies. Source: Newsmaker.id
Silver prices face selling pressure due to profit-taking amid easing trade tensionsAs of this writing, Silver prices are at $34,423 Source: Newsmaker.id
Gold prices moved in the area of $3361 at the beginning of the Asian trading session on (04/06) after experiencing a decline of more than 1% on Tuesday after employment data from the United States (US), which revealed that the labor market remains tight. Trump signed a directive that raised steel and aluminum tariffs to 50% from 25%. Meanwhile, China this week claimed the US had "seriously damaged" the recent ceasefire, and the European Union warned of new countermeasures if the US followed through on tariff threats. Source: Newsmaker.id -ayu