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 rose 2% on Friday and headed for their best week in six, as investors sought safe havens amid new tariff threats from U.S. President Donald Trump and a weaker dollar. Global stocks fell on Wednesday after Trump delivered his latest unexpected trade bombshell, recommending a 50% tariff on European Union imports starting June 1. Trump also said Apple would pay a 25% tariff on iPhones sold in the United States but not made in the country. Source: Newsmaker.id
Silver prices moved higher after posting a loss of more than 1% in the previous session. Manufacturing-sensitive commodities, including silver, faced challenges due to growing concerns about the widening fiscal deficit in the United States (US).As of this writing, silver prices were at $33,158 Source: Newsmaker.id
Gold prices fell in early Asian trading on Friday (5/23). This was supported by lingering concerns over the ballooning US deficit, which usually strengthens the appeal of the precious metal as a safe haven asset. President Trump's "big, beautiful bill" was passed by the House of Representatives on Thursday, paving the way for the bill to be submitted to the Senate. Source: Newsmaker.id
Silver (XAG/USD) reversed sharply on Thursday (5/22). The decline in the white metal occurred ahead of the release of the US Purchasing Managers' Index (PMI), which showed that the decline was mainly technical in nature and was driven by the initial stabilization of the US Dollar and profit-taking after a sharp rise on Wednesday. Source: Newsmaker.id
Gold prices fell on Thursday (5/22) as a stronger US dollar weighed on the bullion as US Treasury yields fell from intraday highs as the US House of Representatives approved Trump's budget, which will now be sent to the Senate for approval. Market sentiment improved slightly but remained fragile as it was sponsored by a Moody's downgrade of the US government's debt rating. The fiscal package so far approved by the US lower house is projected to add $4 trillion to the debt ceiling. Newsmaker.id