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 prices fell more than 1% on Tuesday (03/6) as jobs data from the United States (US), which revealed that the labor market remains tight. Investors' mood turned optimistic after the release of the latest US Job Openings & Labor Turnover Survey (JOLTS), which showed that job openings rose sharply in April. The data was positive, ahead of a busy week with the release of much-anticipated jobs data. Source: Newsmaker.id
Silver Prices Rise After increasing uncertainty over global trade policies and potential economic impacts, investors turned to precious metals as a hedge, pushing silver prices higher along with gold. As of this writing, Silver is at $34,126 Source: Newsmaker.id
Gold continued its rise this morning (03/6) accompanied by a weaker dollar and stronger demand for safe haven assets due to trade and geopolitical risks. In addition, Fed Chair Powell did not comment on policy or the economy in his opening remarks at the 75th anniversary conference of the Division of International Finance. Meanwhile, Goolsbee said that if the "difficult period" of tariff and trade uncertainty passes, and the dual mandate still looks good, the FOMC could be on track to cut interest rates. He said he had seen "very little immediate impact so far in the data," but he was not...
Gold continued its rise this morning (03/6) accompanied by a weaker dollar and stronger demand for safe haven assets due to trade and geopolitical risks. In addition, Fed Chair Powell did not comment on policy or the economy in his opening remarks at the 75th anniversary conference of the Division of International Finance. Meanwhile, Goolsbee said that if the "difficult period" of tariff and trade uncertainty passes, and the dual mandate still looks good, the FOMC could be on track to cut interest rates. He said he had seen "very little immediate impact so far in the data," but he was not...
Gold rose more than 2% on Monday to its highest in more than three weeks, as a weaker dollar and a combination of geopolitical risks and economic uncertainty fueled investor demand for safe-haven assets. In addition, tensions between Washington and Beijing resurfaced after U.S. President Donald Trump on Friday accused China of violating an agreement with the U.S. to mutually lift tariffs and trade restrictions on critical minerals. Source: Newsmaker.id