Hong Kong stocks fell 144 points, or 0.6%, to 24,936 in early trading on Friday, ending a four-day winning streak amid widespread weakness. Caution prevails ahead of China's July CPI and PPI data due Saturday, with consumer prices expected to ease slightly and producer deflation likely to persist amid ongoing trade risks. On the domestic front, Hong Kong's foreign exchange reserves fell to a three-month low of USD 425.4 billion in July. Semiconductor Manufacturing shares plunged 4.7% after missing second-quarter profit estimates, while MGM China (-4.3%), Kingdee Intl. Software (-4.2%), SITC...
Silver (XAG/USD) prices snapped a four-day losing streak during Asian market hours on Tuesday (3/25). The recovery was driven by rising safe-haven demand amid rising geopolitical tensions. The United Nations (UN) announced on Monday that it would reduce its international staff in Gaza by about a third after Israeli airstrikes killed hundreds of civilians, including UN personnel. After a two-month ceasefire brought relative calm to the 18-month war, Israel resumed a full-scale air and ground campaign against Hamas on Tuesday. Source: Newsmaker.id
Gold prices steadied on Tuesday after three straight days of losses as improving risk appetite and softer US tariff rhetoric prompted profit-taking in the safe-haven asset after its recent outperformance. Trump said on Monday that auto tariffs would go into effect soon even as he indicated that not all of the levies he has threatened would be implemented by April 2 and that some countries may get waivers, a move Wall Street took as a sign of flexibility on an issue that has roiled markets for weeks. Source: Newsmaker.id
Silver prices rose above $33.10 an ounce on Monday (24/03), snapping a three-day losing streak, as safe-haven demand increased amid geopolitical tensions and economic uncertainty in the U.S. Investors are closely monitoring U.S.-led efforts to end the Russia-Ukraine war, while fighting in the Middle East escalated following an Israeli airstrike on a Gaza hospital on Sunday that killed five people. Silver also found support from a weaker U.S. dollar, as concerns mounted that President Donald Trump's tariffs could slow economic growth. This, in turn, could prompt the Federal Reserve to cut...
After experiencing a moderate increase last week, the price of Gold is now trading in the area of $ 3022 in the European session on Monday (3/24).The price of Gold is benefiting from the weakening US dollar, increasing central bank demand, and concerns about the potential for universal US tariffs, Deutsche Bank analysts said in a note. China, in particular, drives a larger portion of central bank demand, namely 48%, Deutsche Bank said.The increase in bank demand is greater than the shrinking global jewelry demand, which is expected to be at its lowest level since 1989 amid record high...
Silver prices were steady in early Asian trading on Monday, after hitting a one-week low as the U.S. dollar strengthened. The dollar's gains came after Federal Reserve Chairman Jerome Powell reiterated that the central bank is in no rush to cut interest rates further, though he hinted at two potential rate cuts this year. Adding to the pressure on silver, lingering economic concerns in China dampened the outlook for its industrial demand, as Beijing announced fresh stimulus measures without providing specifics. Source: Newsmaker.id