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...
Silver rose above $31 an ounce on Tuesday (04/03) after US President Donald Trump announced that tariffs on Canadian and Mexican imports would go into effect on Tuesday, along with an additional 10% duty on Chinese shipments, bringing the cumulative tariffs for China to 20%. In response, reports suggested that Beijing was preparing to impose retaliatory measures on US imports. Meanwhile, ongoing supply and demand uncertainties continue to weigh on sentiment. Source: Newsmaker.id
Gold (XAU/USD) prices moved higher on Tuesday (04/03) after surging more than 1% the previous day. The recent increase came after United States (US) President Donald Trump confirmed on Monday that tariffs on Canada, Mexico, and China are underway. Meanwhile, Canada and China have rejected the unilateral tariffs imposed by the US. A statement released by Canadian Prime Minister Justin Trudeau's office confirmed that Canada will impose retaliatory tariffs on US imports starting Tuesday if the US tariffs go into effect. Source: Newsmaker.id
Silver prices were steady around $31.50 an ounce on Tuesday (04/03), with investors assessing the economic outlook as US President Donald Trump prepares to impose tariffs on major trading partners. On Monday, Trump confirmed that 25% tariffs on imports from Mexico and Canada would go into effect today, along with doubling Chinese levies to 20%. He also reiterated that reciprocal tariffs would go into effect on April 2 on countries that impose duties on US products. Source: Newsmaker.id
Gold steadied after a rally when President Donald Trump confirmed he would impose tariffs on U.S. trading partners, deepening concerns about the global economic outlook and fueling buying of the precious asset. Bullion traded near $2,892 an ounce — following a 1.2% gain on Monday — as the U.S. leader said Mexico and Canada could not negotiate a suspension of tariffs set to take effect on Tuesday and then signed an order doubling levies on China to 20%. Geopolitical events were also in the spotlight, after a senior defense official said the U.S. was halting all military aid to...
Silver (XAG/USD) prices bounced back after two consecutive days of losses, trading on Monday (03/03). The precious metal benefited from safe-haven demand amid concerns over US President Donald Trump's tariff policies. Over the weekend, Trump announced an additional 10% tariff on Chinese imports, effective Tuesday, following a similar 10% tariff imposed last month. Additionally, on Thursday, he stated via Truth Social that a 25% tariff on Canadian and Mexican goods would go into effect on March 4. Source: Newsmaker.id