European stocks closed sharply higher on Wednesday, their highest in two weeks as the outlook of lower interest rates in the United States and the possibility of lower energy prices supported a backdrop of stronger growth in the bloc. The STOXX 50 gained 1% to 5,390 and the STOXX 600 jumped 0.6% to 551. The heavyweight sectors of banks, luxury, and tech were among the largest gainers of the session with Intesa Sanpaolo, LVMH, Kering, SAP, and Prosus jumping between 4% and 1.5%. Healthcare also closed sharply higher following their volatile momentum in the first half of the month, with...
Gold fell for a second day on Wednesday as the White House took a more cautious stance on the Federal Reserve's independence and investors weighed comments from the Trump administration on trade. President Donald Trump said Tuesday that U.S. tariffs "will come down substantially but they won't go to zero," and that he didn't see a need to "play hardball" with Chinese leader Xi Jinping. However, Treasury Secretary Scott Bessent said Wednesday that Trump has not offered to unilaterally lower U.S. tariffs on China. Source: Newsmaker.id
Silver prices are trading sideways, The white metal has been trading sideways for the past three trading days as investors look for new developments in the trade relations between the United States (US) and China.Earlier news from the United States (US) Treasury Secretary Scott Bessent revealed that he sees a de-escalation with China, which improved the market mood, which is a drag on Silver prices.As of this news release, Silver prices are at $32,630 Source: Newsmaker.id
Gold Down after hitting a record high of $3,500 an ounce for the first time as traders book profits following a nearly 10% rally this month. Gold fell 1.5% to open Asian trading on Wednesday as risk appetite improved with equities bouncing back, bonds and the dollar steady. Market players are currently speculating to wait for key data this week, some are also speculating to take profits. Source: Newsmaker.id
Silver (XAG/USD) prices rose on Tuesday (4/22). The white metal rose as investors looked for new developments in the trade relationship between the United States (US) and China. In the second week of this month, US President Donald Trump announced an abrupt 90-day pause in the implementation of reciprocal tariffs but still imposed huge tariffs on China in retaliation by imposing similar levies on US imports. Source: Newsmaker.id
Gold Down after hitting $3,500 an ounce for the first time as traders booked profits following a nearly 10% rally this month. Gold fell as much as 1.5% during U.S. trading hours after earlier surging to a new record as risk appetite improved with equities bouncing back, bonds and the dollar stabilizing. The precious metal is also in overbought territory, indicating recent gains may be overdone. Source: Newsmaker.id