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...
Silver prices fell in early trading on Friday. Easing trade tensions between the US and its trading partners have reduced demand for safe-haven assets, weighing on the silver metal.US President Donald Trump announced a potential trade deal with India, South Korea and Japan, seeking to turn his tariff policies into a trade agreement. Furthermore, Chinese state media said late Thursday that the US has contacted China to start trade talks over Trump's 145% tariffs.As of this writing, Silver is at $32,471 Source: Newsmaker.id
Gold was stable on Friday (2/5) at $3241 in the Asian session after experiencing a massive decline of more than 2% on Thursday.The easing of trade tensions between the US and its trading partners has affected demand for safe haven assets, thus weighing on the precious metal Meanwhile, investors are now pricing in a higher chance of a Federal Reserve (Fed) interest rate cut, although everything depends on the trade deal. This, in turn, could boost the price of non-yielding Gold. The US April jobs report will be in focus on Friday as it could prompt the US Fed to start cutting interest rates...
Silver prices fell more than 1% toward $32 an ounce on Thursday (01/05), marking a third straight session of declines, as easing global trade tensions sapped demand for safe-haven assets. Sentiment shifted after U.S. President Donald Trump hinted at potential trade deals with India, Japan and South Korea, and voiced optimism about a deal with China. At the same time, the outlook for industrial demand for silver came under pressure amid weaker economic data from major economies. Source: Newsmaker.id
Gold fell on Thursday (01/05) to a two-week low on signs of potential progress in trade talks between the U.S. and other countries, denting demand for haven assets despite concerns about a weakening economy. Prices fell as much as 2.15% as market sentiment improved on Wall Street after National Economic Council Director Kevin Hassett said the Trump administration was making progress in tariff talks. Source: Newsmaker.id
Gold fell to a two-week low on Thursday (1/5) as a stronger dollar and easing trade tensions dented the metal's safe-haven appeal, while investors awaited the U.S. nonfarm payrolls report. Spot gold fell 1.6% to $3,235.55 an ounce by 0629 GMT, after hitting its lowest since mid-April. Source: Newsmaker.id