European shares closed flat on Wednesday, surrendering early session gains, as healthcare stocks felt the pinch from U.S. President Donald Trump's latest threat to impose higher tariffs on pharmaceutical imports. The pan-European STOXX 600 index closed 0.06% lower, breaking its two-day winning streak despite starting the session on a positive note. Healthcare stocks bore the brunt of the selling pressure. The sector index plunged 2.8% to its lowest level in more than three months after Trump unveiled a graduated tariff plan targeting pharmaceutical imports that could see levies on the...
Gold prices recover on Thursday in early Asian trading (5/29) Bullion prices fell as much as 1% on Thursday, adding to losses of 2% in the previous three sessions, as the U.S. Court of International Trade ruled that Trump's tariffs were illegal, further strengthening the dollar. A stronger U.S. dollar makes gold more expensive for most buyers. On the other hand, the Federal Reserve also revealed in the minutes of its May 6-7 meeting that it sees rising inflation and increased unemployment risks due to the trade war. Source: Newsmaker.id
Gold prices recovered on Wednesday (5/28) as the Federal Reserve revealed in the minutes of its May 6-7 meeting that it sees rising inflation and unemployment risks due to the trade war.
The price of silver (XAG/USD) rose on Wednesday (5/28). Silver was traded at $33.39 per troy ounce, up around 0.38% compared to yesterday's price at $33.27. Meanwhile, the weakening US Dollar (USD) was the driving force behind today's silver movement. Geopolitical instability or fears of a recession could cause silver prices to rise due to its status as a safe asset, although at a lower level than gold. In addition, investors are preparing for the Federal Reserve's preferred inflation index data, the US personal consumption expenditures (PCE) price index excluding food and energy, which...
Gold rose on Wednesday as investors bought the dip after a decline in the previous session, while the market awaited the minutes of the Federal Reserve's latest policy meeting and economic data for insight into the outlook for U.S. interest rates. Spot gold rose 0.6% to $3,320.58 an ounce, as of 0853 GMT. Bullion fell below the $3,300 level and hit a low of $3,285.19 in the previous session. Source: Newsmaker.id
Silver rose slightly after a two-day decline, as the market remains in wait-and-see mode despite data showing improving economic sentiment and signs of progress in trade talks, but the FOMC Minutes are still the reference. As of this writing, Silver is at $33,267 Source: Newsmaker.id