Hong Kong stocks rallied in Wednesday morning trading, with the benchmark index rising 357 points, or 1.4%, to 25,324. This increase extended the rally into a second session and brought the market to a two-week high, with broad-based gains across most sectors. Positive sentiment came from Wall Street, which posted solid gains overnight after weaker US inflation data. The data reinforced speculation that the Federal Reserve could cut interest rates in September to support the improving labor market. In mainland China, markets also rallied to a three-year high. The main boost came from the...
Silver prices held around $33 an ounce on Tuesday, steadying after a recent decline as investors awaited clarity on US-China trade relations and key US economic releases. China reiterated that it is not engaged in trade talks with the US, refuting claims made by President Donald Trump. Meanwhile, US Treasury Secretary Scott Bessent said several major trading partners have made "very good" tariff proposals, and a trade deal with India could be announced soon. Source: Newsmaker.id
Gold fell on Tuesday (4/29) amid expectations that President Donald Trump will ease the impact of his auto tariffs, weighing on demand for safe-haven assets amid hopes of a further de-escalation in trade tensions. Source: Newsmaker.id
Silver prices (XAG/USD) depreciated after posting gains the previous day, Safe-haven demand for precious metals, including Silver, continued to weaken as trade war concerns eased.At the same time, Dollar-denominated Silver lost its appeal, with a stronger US Dollar (USD) making it more expensive for buyers using other currencies.The USD gained support as optimism grew over improvements in US-China trade relations.Until this news was released, Silver Price was at $ 32,921 Source: Newsmaker.id
Silver prices fell on Monday (4/28), extending losses from the previous session as easing U.S.-China trade tensions dampened demand for safe-haven metals. Last week, U.S. President Donald Trump signaled an openness to lowering tariffs on China, while Beijing exempted certain U.S. goods from its 125% levies. Meanwhile, China expressed confidence in meeting its full-year growth target of around 5% but refrained from introducing immediate stimulus, preferring to first assess the impact of the escalating trade dispute with the U.S. Investors also await key U.S. economic data this week, which...
Gold prices rose on Monday (4/28) despite easing US-China trade tensions, as the dollar weakened in the US session. In addition, US President Donald Trump said progress had been made with China, and that he had spoken with President Xi Jinping. However, Beijing has denied any trade talks and Treasury Secretary Scott Bessent on Sunday failed to support Trump's statement that tariff talks with China were underway. Source: Newsmaker.id