Both the STOXX 50 and STOXX 600 rose 0.2% on Friday, putting them on track to close the week with strong gains of 3.3%, their best performance since April, and 1.9%, respectively. The weekly rally was driven by upbeat corporate earnings reports and renewed optimism over potential progress in resolving the Ukraine-Russia conflict. Investors also assessed changing global trade dynamics after President Trump's massive retaliatory tariffs took effect on Thursday. Furthermore, expectations of a Federal Reserve interest rate cut have recently strengthened. Among large-cap stocks, Novo Nordisk...
Silver prices fell on Thursday (03/4), The price of the white metal became vulnerable after United States (US) President Donald Trump revealed a detailed reciprocal tariff plan for his trading partners. The "Buy the Rumor and Sell the News" indicator forced traders to trigger the sell button for Silver prices. The metal had previously performed strongly, along with Gold, from the past few months as investors became increasingly convinced that Trump's tariffs would be inflationary and weigh on economic growth globally, including in the US. Technically, the appeal of Silver prices increases...
Gold prices pared losses on Thursday (3/4) after falling more than 2% from an all-time high (ATH), as a widespread market selloff triggered by US President Donald Trump's import tariffs has affected bullion traders. Meanwhile, traders attributed the decline to some profit-taking and margin calls in other asset classes that likely prompted investors to sell some of their gold holdings to cover losses. Source: Newsmaker.id
Gold (XAU/USD) prices corrected in European trade after initially hitting a new all-time high of $3,167 in early Asia. Traders took profits, pushing bullion prices to $3,125 at the time of writing on Thursday. The market saw all asset classes absorb the overnight shock statement from United States (US) President Donald Trump, who unveiled his retaliatory tariff plan to the world. Source: Newsmaker.id
Silver prices fell more than 1% to fall below $33.50 an ounce on Thursday (4/3), hitting a one-week low as traders grappled with market uncertainty following US President Donald Trump's sweeping tariff measures. Trump imposed a base tariff of 10% on all imports, with higher levies targeting major trading partners such as China (34%), the EU (20%), and Japan (24%). In addition, a 25% tariff on foreign-made cars took effect immediately. In defending the move, Trump framed the tariffs as a strategy to support domestic manufacturing and reduce the trade deficit. Source: Newsmaker.id
Silver prices hovered around $34 an ounce, down from a five-month high of $34.58 hit on March 28, as investors braced for President Donald Trump's announcement of tit-for-tat tariffs that will take effect on Wednesday. Market participants weighed concerns over an escalating global trade war, which could dampen industrial demand for silver, against its appeal as a safe haven amid growing fears of an economic slowdown. Source: Newsmaker.id