The Hang Seng rose 171 points or 0.7% to close at 25,082 on Wednesday, reversing early losses as all sectors ended in the green. It was the fourth session of gains, helped by upbeat Chinese trade data. Exports accelerated in July due to front-loaded shipments, while imports saw the strongest growth in a year amid continued policy support from Beijing. Traders remained focused on the August 12 deadline, watching for progress in U.S.-China tariff negotiations. Tech shares posted modest gains despite Trump's remarks that the U.S. may impose 100% tariffs on certain chip imports—an outcome...
Silver held above $32 an ounce on Friday, holding near a three-month high hit in the previous session, as the dollar weakened and concerns eased about a global trade war that could fuel inflation.Markets await key US jobs data The US-China trade war and concerns that President Donald Trump will follow through on threats to impose tariffs on other countries, as well as his unconventional geopolitical position, support gold's role as a store of value in uncertain times. Source: ads@ Newsmaker>
Gold drops amid rising US Treasury yields and a stronger US Dollar.US equity downturn and job market worries heighten market jitters ahead of Nonfarm Payrolls.Fed's Goolsbee suggests cautious monetary policy, impacting gold amidst global trade tensions.Gold price advance stalled on Thursday as United States (US) Treasury bond yields recovered, and the Greenback holds minimal gains. Traders seem to be booking profits ahead of the release of the latest US Nonfarm Payrolls report, which could spark volatility in the financial markets. XAU/USD traded at $2,852, down 0.38%. With no clear...
Silver held above $32 an ounce on Thursday (2/6), holding near a three-month high hit in the previous session, as the dollar weakened sharply as concerns eased about a global trade war that could fuel inflation. The US and China have taken a cautious approach to tariffs, with US President Donald Trump and Chinese President Xi Jinping set to discuss trade developments and possibly reach a deal to roll back some existing tariffs. Source: Newsmaker.id
Gold prices fell on Thursday (2/6) as the dollar strengthened again, although concerns over the US-China trade war kept safe-haven bullion close to a record high hit in the previous session. Spot gold prices fell 0.4%. US Federal Reserve officials also pointed to the large policy uncertainty surrounding tariffs and issues arising from the early days of the Trump administration as one of the main challenges in figuring out where to take monetary policy in the coming months. Source: Newsmaker.id
Silver prices moved steadily for the Asian session on Thursday (6/2). Safe haven metals such as Silver strengthened due to increased risk aversion after the closing of global trade and economy. Traders are concerned that the US could impose tariffs on precious metal imports into the US after President Donald Trump announced the latest tariffs on Canada, Mexico, and China. Trump then postponed the tariffs imposed on Canada and Mexico.Source: Newsmaker.id