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 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
Gold is headed for a weekly gain after volatile trading, with investors assessing trade tensions and the possibility of a U.S. interest rate cut. Bullion was steady near $3,360 an ounce, about 1% higher this week, after hitting a record high on Tuesday before a sharp two-day decline. U.S. President Donald Trump vowed that his administration was talking to China about trade, although Beijing has denied that negotiations are underway. Source: Newsmaker.id
Silver (XAG/USD) prices fell during North American trading hours on Thursday (4/24) from a nearly three-week high of $33.70 set earlier in the day. The white metal corrected as investors began to hope for a significant de-escalation in the trade war between the United States (US) and China. Investors' confidence in the normalization of trade relations between the world's two largest superpowers increased after US President Donald Trump assured that a deal would be made with Beijing. In addition, US Treasury Secretary Scott Bessent has hinted that the two countries could roll back additional...
Gold rose on Thursday (4/24) after its sharpest one-day loss this year as market participants weighed the impact of U.S. President Donald Trump's trade war on the future direction of interest rates. In an interview Thursday with Bloomberg Television, Federal Reserve Chairman Christopher Waller said companies may start laying off some workers if aggressive tariffs are reimposed, and he would support a rate cut in that scenario to protect the job market. Source: Newsmaker.id
Silver fell nearly 1% to around $33.3 an ounce on Thursday 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—making it more sensitive to shifts in macroeconomic sentiment and trade developments. Recent market movements have been shaped by evolving US-China trade signals. Source: Newsmaker.id