Stock markets in the Asia-Pacific region opened with mixed movements on Thursday morning, after US President Donald Trump announced he would impose a 100% tariff on semiconductor imports. However, companies building production facilities in the United States will be exempt from the tariffs. However, there is still no clarity on how large a production commitment in the US will be required for a company to be exempt from the tariffs. This uncertainty has left investors in the region cautious about the potential impact on the technology sector. In Japan, the Nikkei 225 index was flat, while...
Gold (XAU/USD) prices eased from near two-week highs around $3,345-$3,346 region touched on Thursday, and traded with a mild positive bias during the early European session. A modest US Dollar (USD) uptick was seen as a key factor behind the commodity's intraday decline, though a meaningful pullback seems elusive. Growing acceptance that the Federal Reserve (Fed) will lower borrowing costs further by 2025 and concerns about rising US deficits should keep a lid on the USD, which should act as a tailwind for the non-yielding yellow metal. Source: Newsmaker.id
Silver Prices Gain After Investors Remain Wary Following Moody's Downgrade of US Sovereign Credit Rating and Growing Concerns About US Deficit Due to US President Donald Trump's Massive Tax Bill. In addition, Fresh US-China Trade Tensions, Along with Geopolitical Risks, Hit Global Risk Sentiment.As of this writing, Silver Price is at $33,662 Source: Newsmaker.id
Gold prices continued their rise in the early Asian session on Wednesday (05/22) when this news was released, gold prices moved in the $3322 area, this was accompanied by several fundamental factors because investors were likely to switch from government bonds to precious metals. The global bond market is shaky, with traditional safe haven assets such as gold strengthening. There are also growing concerns over the US fiscal outlook "If all else is equal, that means higher demand for haven assets," from the geopolitical side of Israel and Iran also support demand for safe haven...
Gold prices rose for a third straight session on Wednesday (5/21) as geopolitical risks rose following a report that Israel planned to strike Iran's nuclear facilities while the dollar weakened. Israel is preparing to strike Iran's nuclear infrastructure, CNN reported Tuesday, citing US intelligence officials. The report noted that officials did not know whether Israel had made a final decision to go ahead with the strikes, which could further destabilize the volatile Middle East. Source: Newsmaker.id
Gold prices maintained their positive bias above the $3,300 mark, rising nearly 1% on Wednesday (5/21), hitting their highest level in more than a week, as a weaker dollar and US fiscal uncertainty amid Congressional debate on a broad tax bill boosted demand for safe-haven assets. Source: Newsmaker.id