US stocks closed higher on Friday, with the S&P 500 up 0.8%, and the Nasdaq climbing nearly 1%, while the Dow gaining 206 points. Technology shares, led by Apple which surged 4.2% following its announcement of a $600 billion US investment plan helped lift the tech-heavy Nasdaq to new intraday highs. Investor optimism was also fueled by expectations of Federal Reserve rate cuts, with President Trump nominating Stephen Miran to the Fed Board, signaling possible shifts in monetary policy, despite concerns over new tariffs imposed by the Trump administration on imports from multiple...
Gold fell on Wednesday, giving back gains from the previous session, as easing trade tensions between the U.S. and China continued to weigh on its safe-haven appeal. Additionally, bullion found some support after the annual U.S. inflation rate eased to 2.3% in April—the lowest since February 2021 and below market expectations of 2.4%. The report supported the non-yielding metal, as it gave the Federal Reserve more latitude to continue with potential interest rate cuts. Source: Newsmaker.id
Silver prices rose, recovering from losses in the previous session as initial enthusiasm over the US-China trade deal began to fade, leading to broader market caution. The rally followed weekend negotiations in Switzerland, where Washington and Beijing agreed to reduce tariffs to 10% and 30% respectively for a 90-day period, marking a significant, if temporary, de-escalation in trade tensions.As of this writing, Silver prices were at $32,926 Source: Newsmaker.id
Gold prices are trading on a positive note, After a decline of over 2.70% on Monday, it is trading around $3,250, up 0.42%. A weaker-than-expected US inflation report and a trade truce between China and the US could keep Gold prices capped below $3,300.The US inflation data for April was slightly lower than expected by market participants on a monthly basis. The yearly figures were in line with projections, indicating that the effects of tariffs have not yet been reflected in the "hard data".Until this news was released, the price of gold was at the level of $ 3,247 Source: newsmaker.id
Silver prices jumped nearly 2% to above $33 an ounce on Tuesday, recovering from losses in the previous session as early enthusiasm over a U.S.-China trade deal faded, leading to broader market caution. The rally followed weekend negotiations in Switzerland, where Washington and Beijing agreed to reduce tariffs to 10% and 30% respectively for a 90-day period—marking a significant, if temporary, de-escalation in trade tensions. Source: Newsmaker.id
Gold prices edged higher early in the European session on Tuesday (5/13). Investors are now focused on a key US inflation report, after the precious metal slumped along with other safe-haven assets on Monday following a trade truce between Washington and Beijing. Bullion rose 0.6% to trade above $3,253 an ounce, after a major de-escalation in US-China trade tensions sparked a sharp sell-off. Investors will be watching the US inflation report for April, which could be the first to show tariff-related costs. As of this writing, gold prices were at $3,253 Source: Newsmaker.id -ads