Wall Street's main indexes advanced on Thursday, lifted by hopes that technology giants might dodge President Donald Trump's newest tariffs on chip imports. Apple's (AAPL.O), opens new tab shares climbed 2.4%, having risen 5.1% and led gains on Wall Street in the prior session, after Trump said the iPhone maker will invest an additional $100 billion in the U.S., bringing its total commitment to $600 billion over the next four years. Trump also announced a tariff of about 100% on imports of semiconductors but said it would not apply to companies that are manufacturing in the U.S. or have...
Gold (XAU/USD) prices held on to modest intraday gains through the first half of the European session on Thursday (2/13), albeit lacked follow-through and remained below the record highs touched earlier this week. Investors remain concerned that US President Donald Trump's trade tariffs could trigger a global trade war, which continued to act as a tailwind for the safe-haven bullion. Adding to this, a fresh leg down in the US Treasury bond yields dragged the US Dollar (USD) to a weekly low and turned out to be another factor that benefitted the commodity. Source: Newsmaker.id
Silver trended higher during the Asian session on Thursday (2/13). This was supported by the US dollar and lower Treasury yields, with traders assessing the US push to try to end the war in Ukraine, as well as President Donald Trump's disruptive moves on trade. Silver prices have soared this year. The surge has been driven by demand for safe-haven assets, with traders trying to gauge the impact of the new administration's stance on trade and geopolitics. Source: Newsmaker.id
Gold prices continued to strengthen in response to higher US consumer inflation figures and gained positive traction for the second straight day on Thursday. The momentum lifted the precious metal to $2,920 during the Asian session and was supported by a combination of factors.Investors remain concerned that US President Donald Trump's new levies on commodity imports and reciprocal tariffs will trigger a global trade war, which continued to support Gold prices as a safe-haven asset. Moreover, the emergence of fresh US Dollar (USD) selling provided additional support to the bullion and...
Gold is slightly changed and has recovered in the $2,900 area today, Wednesday (12/2). The precious metal is moving up as rising trade tensions encourage investors to seek protection in safe haven assets. Source: Newsmaker.id
Silver erased earlier losses to trade above $32 an ounce, near a three-month high, outperforming other bullion in the session as expectations of steady demand for the metal in the electrification industry offset bets of a more aggressive Fed this year. A surprise recovery in the ISM manufacturing PMI for January boosted the outlook for U.S. manufacturing after more than two years of monthly contractions. Source: Newsmaker.id