Japan's Nikkei stock index rose 1.2% to 41,563.29 on Friday morning, driven by gains in the electronics and automotive sectors. This rise occurred as investor concerns eased regarding the impact of US tariffs on Japanese corporate profits. Sony shares jumped 4.6%, while Subaru gained 3.2%. Market sentiment was also supported by SoftBank Group's first-quarter earnings report, which beat analysts' expectations, pushing its shares up 5.1%. The USD/JPY exchange rate was stable at 147.06, not far from the previous close of 147.11. Investors are now focused on corporate earnings and political...
Gold prices fell on Thursday as investors digested the latest developments surrounding tariffs and their impact on the U.S. economy and the Federal Reserve's decision. There was more movement on the tariff front on Wednesday, with President Donald Trump delaying new levies imposed on Mexico and Canada by automakers for a month. The move sent yields on Treasury bonds sliding to their lowest levels this year amid growing investor confidence that a trade-related slowdown in growth will prompt the Fed to cut interest rates several times in 2025. Lower borrowing costs and falling yields tend to...
Silver extended its rally above $32 an ounce in early March, supported by a weaker dollar and rising safe-haven demand amid rising global trade tensions. The US imposed tariffs on Canadian and Mexican imports on Tuesday, along with an additional 10% duty on Chinese goods, raising the cumulative tariffs on China to 20%. Source: Newsmaker.id
Gold held steady on Wednesday, staying close to a record, supported by a weaker U.S. dollar and safe-haven demand amid U.S. tariffs. Trump's 25% levies on Mexican and Canadian imports took effect Tuesday, along with a hike in Chinese tariffs to 20%, escalating trade tensions and prompting retaliation. However, U.S. Commerce Secretary Howard Lutnick suggested possible tariff relief for Canada and Mexico. Source: Newsmaker.id
Silver rose on Wednesday (05/03), boosted by a weaker dollar and safe-haven buying amid concerns over a shift in U.S. trade policy. Last week, U.S. President Donald Trump announced that tariffs on Canadian and Mexican imports would go into effect Tuesday, along with an additional 10% duty on shipments from China, bringing the cumulative tariffs for China to 20%. In response, reports suggested that Beijing was preparing to impose retaliatory measures on U.S. imports. Source: Newsmaker.id
Gold prices rose amid a weaker US Dollar (USD) as the trade war between the United States (US), Canada, Mexico, and China escalated with new tariffs coming into effect on Tuesday (05/03). Therefore, the decline in the USD supported the precious metal. XAU/USD was trading at $2,918, up 0.62%. Market sentiment remained gloomy after 25% tariffs on Canada and Mexico and an additional 10% duty on China came into effect around midnight. Source: Newsmaker.id