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 edged up at the start of Asian trading on Wednesday (05/28) after a two-day decline, as markets remained in wait-and-see mode despite data showing improving economic sentiment and signs of progress in trade talks. Investors are now gearing up for the Federal Reserve's preferred inflation measure, the US personal consumption expenditures price index excluding food and energy, due out on Friday. Source: Newsmaker.id
Gold continued to fall on Tuesday (5/27) as the dollar strengthened and demand for safe-haven assets declined, with investors also weighing the prospect of improving trade relations between the U.S. and the European Union. Bullion fell 1.5% as signs that Japan may be ready to adjust its debt issuance boosted global bonds and the U.S. currency. A stronger U.S. dollar makes gold more expensive for buyers in other currencies, while lower debt yields reduce the appeal of the non-interest-bearing precious metal. Source: Newsmaker.id
Gold extended its decline for the second day this week as the US dollar clawed back some gains and demand for safe-haven assets eased, with investors also weighing the prospects for improved trade relations between the US and EU after US President Donald Trump said on Sunday that he agreed to extend the deadline for 50% tariffs on the European Union (EU) until July 9. Source: Newsmaker.id
Demand for safe haven assets such as silver has been affected by signs that the White House may be making progress in negotiations with some trading partners.As of this writing, Silver is at $33,301 Source: Newsmaker.id
Demand for safe haven gold has been hit by signs that the White House may be making progress in negotiations with some trading partners. Funds held in gold-backed exchange-traded funds have posted outflows for five straight weeks since peaking at their highest level in more than a year in mid-April, according to Bloomberg calculations. Investors are now weighing the prospect of improved trade relations between the U.S. and the EU. Source: Newsmaker.id