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...
Gold prices moved lower as the US Federal Reserve (Fed) turned hawkish. The Fed dropped inflation language, indicating a shift towards keeping interest rates unchanged. XAU/USD traded volatilely in the range of $2,750 - $2,740 as Fed Chair Jerome Powell delivered his statement. Source: Newsmaker.id
Silver (XAG/USD) prices traded with slight gains on Wednesday (1/29). Uncertainty surrounding new tariff policies under US President Donald Trump's administration could provide some support to the precious metal. The Fed's rate decision will play a key role in shaping the direction of Silver prices. The US central bank is expected to keep its benchmark interest rate unchanged at its January meeting in the current range of 4.25%–4.50%. Source: Newsmaker.id
Silver prices were steady around $30 an ounce on Wednesday (1/29), extending losses from the previous session as the dollar bounced back amid escalating tariff threats from U.S. President Donald Trump. Trump unveiled plans to impose tariffs on imported chips, pharmaceuticals, steel, aluminum and copper in a bid to boost domestic production. Traders also remained cautious ahead of a Feb. 1 deadline for the first round of tariffs targeting China, Mexico and Canada, as previously announced by the president. Meanwhile, investors are preparing for this week's U.S. Federal Reserve policy...
Gold held on to gains ahead of the Federal Reserve's interest rate decision later Wednesday, with traders also weighing President Donald Trump's latest tariff threats. Bullion traded near $2,765 an ounce — less than $30 off an all-time high — as investors turned their attention to the U.S. central bank's first meeting of 2025. Policymakers are widely expected to keep interest rates steady this week, though Fed Chair Jerome Powell is expected to give a press conference that could provide clues about the outlook for the next meeting in March. Lower interest rates tend to benefit gold, as it...
Silver prices (XAG/USD) fell on Tuesday (1/28). The non-interest-bearing metal faces challenges with the upcoming US Federal Reserve (Fed) policy decision this week. There is widespread anticipation that the Fed will maintain its current interest rates, marking the first pause in its rate-cutting cycle. Uncertainty surrounding US President Donald Trump's trade and immigration policies could prompt the Federal Reserve to remain cautious in cutting rates this year. Trump's policies are considered inflationary, which may cause the central bank to keep interest rates higher for a longer period,...