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 fell, paring gains from earlier in the week as signs of easing global trade tensions lifted the dollar, weighing on dollar-denominated commodities.The dollar gained as U.S. President Donald Trump claimed that trade talks with China were progressing, with additional signs of progress in negotiations with Japan and South Korea further boosting investor sentiment.China is also reportedly considering removing 125% tariffs on certain U.S. goods, raising hopes of a further de-escalation in the trade war.Until this news was released, Silver Price was at $ 32,771 Source: Newsmaker.id
Gold prices weakened in early Asian trading this morning, gold prices were at US$ 3,276 per troy ounce. The precious metal fell after reaching its highest level last week amid easing trade war tensions.US Agriculture Secretary Brooke Rollins said on Sunday that the Trump administration was having daily conversations with China about tariffs. Rollins noted that there were ongoing talks between the two countries and that trade deals with other countries were "very close."US President Donald Trump's announcement of broad and high tariffs in early April sparked concerns that the US economy would...
Gold prices fell on Friday, erasing gains from the previous session after Beijing announced exemptions for some U.S. goods from 125% tariffs, signaling a thaw in the trade dispute and reducing bullion's appeal as a hedge. At the same time, the dollar index approached the 100 mark, making dollar-priced bullion more expensive for overseas buyers, while U.S. Treasury yields edged higher as Fed officials reiterated their patience with policy. Source: Newsmaker.id
Gold prices fell more than 1% on Friday (4/25) and headed for a weekly decline on signs of a potential de-escalation in the U.S.-China trade war, including news that China is considering exempting some U.S. goods from tariffs. Spot gold fell 1.5% to $3,299.69 an ounce by 0830 GMT. U.S. gold futures fell 1.1% to $3,310.20. Source: Newsmaker.id
Silver fell nearly 1% in a possible technical correction after surging more than 3% in the previous session to a three-week high. The white metal continues to diverge from gold, reflecting its hybrid nature as a precious metal and an industrial metal that makes it more sensitive to shifts in macroeconomic sentiment and trade developments. Recent market movements have been shaped by evolving US-China trade signals.As of this writing, Silver is trading at $33,390 Source: Newsmaker.id