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 prices rose to $34 on Tuesday in European trading.Continuing its upward momentum for the fourth straight day. This is supported by increasing concerns over the impact of further tariffs from US President Donald Trump. This has triggered efforts to send silver to the US in an attempt to get a premium price in New York, which may cause pressure in London. Source: Newsmaker.id
Gold rose above the $3,000 level on Tuesday (03/18), hitting a new record high as demand for safe-haven assets strengthened ahead of the US Federal Reserve's interest rate decision. With the Fed expected to leave interest rates unchanged, investors will focus on the central bank's latest economic projections and Chairman Jerome Powell's press conference for signals on future policy direction, especially amid trade and tariff concerns. Geopolitical tensions are also contributing to market uncertainty. Source: Newsmaker.id
Gold prices rose above $2,998 per ounce after Retail Sales data was released. This is supported by increasingly heated Geopolitical factors, Trump Tariffs and weak US Retail Sales data results, which can lift the movement of Gold prices up. New geopolitical risks boosted gold bullion prices after the US said it would continue its attacks on Yemen's Houthis until they stop attacks on shipping in the Red Sea. Source: Newsmaker.id
Silver prices fell after continuing their upward momentum for the fourth straight day, during European trading hours on Monday. However, the white metal's downside potential appears limited due to economic uncertainty over the impact of the global trade war and a weakening Greenback. Source: Newsmaker.id
Gold rose above $2,980 an ounce on Monday (03/17), holding near a record level, amid strong safe-haven demand. Fresh geopolitical risks boosted bullion prices after the U.S. said it would continue its offensive against Yemen's Houthis until they stop attacks on shipping in the Red Sea. In addition, concerns over an escalating trade war, sparked by a tariff exchange between the U.S. and its major trading partners, further strengthened gold's appeal as a safe haven. Source: Newsmaker.id