US Stocks plunged on Friday, as investors reacted to a weak July jobs report and a fresh round of tariffs announced by President Trump. The S&P 500 and Nasdaq fell 1.6% and 2.2%, their steepest drops since April, while the Dow lost 542 points. Payrolls rose by just 73,000 in July, far below expectations, with sharp downward revisions to prior months signaling deeper labor market weakness. Treasury yields fell and the odds of a September Fed rate cut rose above 80%. Sentiment worsened after new tariffs of 10% to 41% were imposed on imports from key partners including Canada, India, and...
Gold prices held near a monthly high of $3,395 per ounce, supported by increased demand for safe haven assets ahead of the August 1 US tariff deadline. The White House's statement that President Trump may issue more unilateral tariffs increased market uncertainty. The US dollar weakened 0.5% in the previous session, making gold more attractive to global buyers. Meanwhile, the market continues to monitor the Fed's interest rate outlook ahead of next week's decision. Although the probability of a rate cut remains low, market expectations still point to a total of around 46 basis points of...
Silver prices surged again after Fed Governor Christopher Waller reiterated his support for monetary policy easing in July, citing a weakening labor market and declining inflation risks.As of this writing, silver prices are at $38,461. Source: Newsmaker.id
Gold prices rose on Monday (July 21st), supported by a weaker dollar as investors monitored developments in US trade talks and awaited potential market-moving catalysts, including the Federal Reserve's policy meeting scheduled for next week.As of this writing, gold prices were at $3,365 Source: Newsmaker.id
Silver (XAG/USD) held around $38.20 per troy ounce during Monday's Asian session, following a slight decline. Technically, silver is still trending upward within a bullish channel pattern. The 14-day Relative Strength Index (RSI) remains above 50, and the price is above the 9-day moving average (EMA), indicating strong short-term upward momentum. If buying pressure persists, XAG/USD could potentially break through the $39.13 resistance—its highest level since 2011—and continue its upward movement toward the upper boundary of the channel at the psychological $41.50 level. However, if a...
Gold prices rose to around $3,350 per ounce on Monday (July 21), marking a second consecutive session of gains as investor concerns about President Donald Trump's tariff policies grew. U.S. Commerce Secretary Howard Lutnick stated on Sunday that August 1 was the deadline for countries to begin paying the so-called reciprocal tariffs, but he noted that negotiations could continue beyond that date. Source: Newsmaker.id