The Dow Jones Industrial Average gave back gains and closed lower on Thursday as investors pocketed some of their profits in what's been a solid week thus far. The 30-stock Dow fell 224.48 points, or 0.51%, closing at 43,968.64.The S&P 500 lost 0.08% and ended at 6,340.00. The Nasdaq Composite advanced 0.35%, ending at 21,242.70. The major averages saw sharp swings during the session, with the Dow up more than 300 points at its high and off more than 390 points at its low. The blue-chip Dow was weighed down by a 2.5% decline in Caterpillar shares after the construction equipment maker...
Silver prices rose on Monday, helped by a weaker dollar, while stalled peace efforts in Ukraine and concerns over U.S. tariffs fueled demand for the precious metal as a safe haven asset. Source: Newsmaker.id
Gold prices touched the $2876 area at the start of the Asian session on Monday (3/3) after closing at $2856. Resurgent concerns about economic health have raised market expectations for a Federal Reserve interest rate cut, which also adds to the appeal of gold bullion as a non-yielding asset. Meanwhile, investors are considering the economic outlook as US President Donald Trump prepares to impose import levies on major US trading partners. Source: \n This email address is being protected from spambots. You need JavaScript enabled to view it.
Silver extended losses on Friday, weighed down by demand uncertainty, strong supply and a strong dollar. Investors also weighed the latest PCE report, which showed U.S. PCE prices rose 0.3% month-on-month and 2.5% year-on-year, while consumer spending unexpectedly fell 0.2% and income jumped 0.9%. Adding to market concerns, President Donald Trump confirmed that his proposed 25% tariffs on Mexican and Canadian goods will go into effect on March 4, along with an additional 10% duty on Chinese imports. Source: Newsmaker.id
Gold prices fell more than 1% on Friday (28/2) as the dollar held near its highest level in two weeks after US inflation data matched expectations, suggesting the Federal Reserve may be cautious about additional interest rate cuts. Higher interest rates stoked the appeal of gold that did not provide an unbalanced yield. However, gold as a safe haven asset is set for a second straight monthly gain, driven by concerns over Trump's tariff plans. Source: Newsmaker.id
Silver prices held around $31.20 an ounce on Friday and are set to fall nearly 4% for the week, pressured by demand uncertainty, strong supply and some profit-taking. A stronger dollar also weighed on silver prices after U.S. President Donald Trump confirmed Thursday that his proposed 25% tariffs on Mexico and Canada would go into effect on March 4, along with an additional 10% duty on imports from China. Hecla Mining Company, the largest U.S. silver producer, reported a 13% increase in silver production for 2024, mining 16.2 million ounces (moz), marking the second-highest production...