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 was steady at $3,325 in Europe on Friday (9/5). On the other hand, progress in global trade negotiations after the US announced a deal with the UK and ahead of a meeting that thaws the atmosphere with China has eased demand for safe-haven assets in recent days. However, market observers said investors were wary of the limited scope of the UK agreement and were looking at the upcoming meeting between Washington and Beijing with cautious optimism, as negotiations could be long and drawn out. Source: Newsmaker.id
Gold fell on Friday (5/9), as optimism over US-China trade talks reduced the appeal of safe-haven assets. Officials from both countries are scheduled to meet later this week, raising hopes of progress in resolving trade disputes. The announcement of a US-UK trade agreement further eased concerns over global trade tensions. Source: Newsmaker.id
Silver prices rallied again, recovering losses from the previous session as investors sought refuge in safe haven assets amid persistent economic and trade uncertainty. The recovery followed the Federal Reserve's decision on Wednesday to keep interest rates steady, as expected.As of this writing, Silver is at $32,452 Source: Newsmaker.id
Gold fell as the dollar extended gains after President Donald Trump announced a trade framework with the UK, sapping demand for safe-haven assets stemming from concerns about a global trade war.Trump said the full details of the pact would be negotiated over the coming weeks. But under the agreement, Britain will speed up the process of levying tariffs on American goods and reduce barriers to agricultural, chemical, energy and industrial exports.Among other factors, the Federal Reserve kept interest rates unchanged, and Chairman Jerome Powell said the central bank was in no rush to cut rates...
Silver prices rose more than 1% to near $33 an ounce on Thursday (08/05), recovering losses from the previous session as investors sought refuge in safe-haven assets amid ongoing economic and trade uncertainty. The recovery follows the Federal Reserve's decision on Wednesday to keep interest rates steady, as expected. Source: Newsmaker.id