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 (XAG/USD) price snapped its three-day winning streak, trading around $31.30 per troy ounce during Asian trading hours on Friday (1/31). Daily chart analysis shows continued bullish bias for the precious metal, as its price continues to rise within an ascending channel pattern. Source: Newsmaker.id
Gold rose to a record high as investors flocked to safe havens after U.S. President Donald Trump repeated threats to impose tariffs on Mexico and Canada. Bullion rose as much as 0.2% to $2,799.65 an ounce after prices jumped 1.3% on Thursday, surpassing their previous all-time high set in October. The surge came after Trump said he would follow through with a 25% levy on imports from Canada and Mexico on Feb. 1. He also threatened China with tariffs, without specifying the level. Source: Newsmaker.id
Silver (XAG/USD) prices rose on Thursday (1/30). The precious metal maintained its gains amid dovish signals from major central banks. However, Silver's gains were limited as the Fed delivered an aggressive message by removing language that indicated confidence in inflation moving towards its 2% target. In addition, the central bank acknowledged strong economic growth and labor market conditions. Source: Newsmaker.id
Gold attempted to enter positive territory on Thursday (1/30) as the dollar weakened, while investors focused on U.S. President Donald Trump's tariff plans and a key inflation report for further monetary policy cues. Earlier this week, the White House said Trump still planned to hit Mexico and Canada with steep tariffs on Saturday and that he was "strongly" considering some tariffs on China. Source: Newsmaker.id
Silver (XAG/USD) prices extended gains for the third straight session, trading around $30.90 per troy ounce during Asian trading hours on Thursday (30/1). The precious metal maintained its gains amid dovish signals from major central banks. The Bank of Canada (BoC) has ended its quantitative easing and joined Sweden's Riksbank in delivering an interest rate cut Source: Newsmaker.id