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 moved in the area of $3339 during the European session on Thursday (08/05) amid news that United States (US) President Donald Trump is expected to announce a trade agreement with the United Kingdom (UK). Another factor is that the Federal Reserve maintained interest rates, and Chairman Jerome Powell said the central bank was in no rush to cut despite the uncertainty of the trade war. Until this news was released, the price of Gold was at the level of $3,339 Source: Newsmaker.id
Silver prices rose more than 1% 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 followed the Federal Reserve's decision on Wednesday to keep interest rates steady, as expected. However, Chairman Jerome Powell was cautious, highlighting rising risks to inflation and employment, and downplaying the possibility of preemptive rate cuts to mitigate the potential economic impact of new tariffs. Source: Newsmaker.id
Gold rose on Thursday after the Federal Reserve kept interest rates unchanged, and Chairman Jerome Powell said the central bank was in no rush to cut despite the trade war. Powell warned that President Donald Trump's tariff agenda raised the risk of higher inflation and slower growth, but added that the Fed could afford to hold off on policy until officials had a better understanding of where the economy was headed. Source: Newsmaker.id
Prices fell after two consecutive days of gains. The decline came as safe-haven demand weakened following news that US and Chinese officials will meet this week to discuss trade, raising hopes of a de-escalation.In a key development, US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer are scheduled to meet Chinese Vice Premier He Lifeng in Geneva over the weekend. This marks the first high-level dialogue since the US imposed tariffs that sparked a global trade conflict. China's Commerce Ministry confirmed Beijing's willingness to engage, taking into account the US...
Gold trimmed earlier losses after the Federal Reserve kept its benchmark interest rate unchanged, resisting growing political pressure to ease monetary policy.The US central bank, meanwhile, kept interest rates in a range of 4.25%–4.5%, citing ongoing economic uncertainty and increased market volatility.In its post-meeting statement, the Fed highlighted rising risks to inflation and unemployment, reinforcing its cautious stance on future rate adjustments.As of press time, Gold was trading at $3,371 Source: Newsmaker.id