The European stock markets closed mostly higher in Thursday trading as the Stoxx Europe 600 rose 0.92%, Germany's DAX climbed 1.12%, the FTSE 100 was off 0.69%, France's CAC increased 0.97%, and the Swiss Market Index was up 0.80%. In Germany, price-adjusted production in the manufacturing sector declined 1.9% in June compared with May, according to preliminary data from the Federal Statistical Office, falling to its lowest level since May 2020 during the COVID pandemic. In the UK, house prices rose 0.4% in July from June, the highest monthly rise since the start of the year, according to...
Gold is consolidating in early Asian trade, but potential profit-taking action may weigh after front-month gold futures closed at a new record high overnight.The recent uptrend in the precious metal has coincided with negative signs about the future of economic activity and the labor market in the US.This source of uncertainty has added to the prevailing global uncertainty such as concerns over trade conflicts between the US and the rest of the world. As of this news release, Gold Price is at $2,948 Source: Newsmaker.id
Silver prices reversed early gains and extended their decline from a more than three-month high, amid continued uncertainty over demand, fueled by concerns about U.S. tariff policy. Investors are also awaiting key economic data and events due later in the week. Markets are particularly focused on Friday's release of the January PCE Price Index, the Federal Reserve's preferred measure of inflation. Source: Newsmaker.id
Gold bullion prices rose on Monday (2/24), surpassing the previous peak set on Thursday, before paring gains. Prices have risen for the past eight weeks, the longest streak since 2020. Gold-backed ETFs saw their biggest net inflows since 2022 last week. Growing concerns over disruptive trade and President Trump's geopolitical agenda have boosted demand for gold as a safe-haven asset. Source: Newsmaker.id
Silver prices rose above $32.50 an ounce on Monday (24/2), recovering some of the previous session's losses as the dollar came under pressure from a worsening economic outlook in the US and a stronger euro. Meanwhile, ongoing trade and geopolitical uncertainties continue to fuel safe-haven demand for the precious metal. Last week, US President Donald Trump's threat to impose tariffs on key sectors, including autos, semiconductors, pharmaceuticals and lumber, kept the market on guard. Source: Newsmaker.id
Gold prices are approaching their highest levels today ahead of the European session. Gold is trading at $2,944 per ounce, and tends to be stable. While Tim Waterer, chief market analyst at KCM Trade said, "Disappointing US macro data at the end of last week has chased the dollar, which has opened the door higher for gold,". "With trade uncertainty not likely to go away anytime soon, gold could still aim for a new record high again this week." As of this writing, gold is at $2,944Source: ads@ Newsmaker.id