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 maintained its bid tone through the first half of the European session on Wednesday, albeit lacked any follow-through selling as traders preferred to wait for the release of US consumer inflation figures. Meanwhile, the US Dollar (USD) attracted some buyers after Federal Reserve (Fed) Chairman Jerome Powell's hawkish remarks on Tuesday. This, along with a generally positive risk tone, undermined the commodity for the second straight day. However, concerns over US President Donald Trump's fresh levies on commodity imports and promised reciprocal tariffs, along with...
Gold was steady during the early Asian trading session on Wednesday (12/2) after chasing its latest ATH of $2942 on Tuesday. Gold had fallen slightly as the US central bank signaled it was in no hurry to provide more interest rate cuts, and traders weighed concerns about a global trade war that could help demand for safe haven assets. Source: Newsmaker.id
Silver (XAG/USD) prices found a temporary cushion on Tuesday (2/11) after falling sharply earlier in the day. The white metal showed little buying interest as the US Dollar (USD) declined ahead of Federal Reserve (Fed) Chairman Jerome Powell's testimony before Congress. However, the overall outlook for Silver prices remains strong amid growing concerns over a global trade war. Historically, the appeal of precious metals, such as Silver, increases in an uncertain global Source: Newsmaker.id
Gold prices slipped on Tuesday (2/11) as investors booked profits following a record high, but remained optimistic amid concerns about a global trade war sparked by U.S. President Donald Trump's new tariffs. Traders were eyeing Federal Reserve Chairman Jerome Powell's testimony later in the day and U.S. inflation data due Wednesday for fresh clues on the outlook for interest rates in the world's largest economy. Source: Newsmaker.id
Gold (XAU/USD) price has broken its previous all-time high and made a new record high of $2,942 in trading on Tuesday (11/2) morning before turning lower that day. Meanwhile, United States (US) President Donald Trump has imposed a 25% tariff on steel and aluminum imports for all countries starting March 12, while China has quietly imposed retaliatory tariffs on some US goods. Source: Newsmaker.id