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 (XAU/USD) prices fell on Monday (5/26) while the US market was closed due to the Memorial Day national holiday. A small correction occurred after United States (US) President Donald Trump issued a statement on Truth Social that he would extend the deadline until July 9 for the European Union (EU) to face 50% tariffs. Source: Newsmaker.id
Gold prices maintained modest intraday losses through the early European session, although there was no follow-through selling and remained close to a two-week high hit on Friday. The renewed optimism fueled by US President Donald Trump's decision to delay the imposition of tariffs on the European Union (EU) prompted profit-taking around the safe-haven commodity, especially after last week's strong rally of nearly 5%. Source: Newsmaker.id
Gold price (XAU/USD) kicks off the new week on a weaker note and erodes a part of Friday's strong gains to over a two-week high, though the downtick lacks bearish conviction. US President Donald Trump's decision to delay the implementation of tariffs on the European Union (EU) adds to the recent optimism and undermines demand for the safe-haven precious metal. However, a combination of factors holds back traders from placing aggressive bearish bets around the commodity. Investors remain on edge in the wake of worries over the worsening US fiscal health and persistent geopolitical risks...
The US Dollar (DXY) is down about 0.40% today and is trading near 98.70. With the US Dollar Index (DXY) down about 0.40% today and is trading near 98.70.Despite the US Dollar continuing to weaken, Silver prices could again experience selling pressure as market players consider the possibility of a trade deal between the US and Japan in mid-June. Source: Newsmaker.id
Gold prices fell on Monday (26/5) at the beginning of the Asian trading session. When the market opened until this news, the gold price movement tended to experience a decline of 0.50% and moved in the area of $ 3339. From a fundamental perspective, gold prices were driven by Donald Trump's easing of policy towards the European Union by extending the deadline for comprehensive tariff measures. Although a softer stance on trade will increase demand for safe haven assets, gold's appeal as a safe haven asset has strengthened amid growing concerns about the US government's fiscal position...