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 (XAU/USD) prices were boosted by safe-haven inflows and surged above key technical resistance after US President Donald Trump confirmed that he intends to impose 25% tariffs on Canada and Mexico as early as February, as well as tariffs on Silver and Gold. China is not included in the direct levies, Bloomberg reported.The possibility of Trump imposing tariffs on Silver and Gold has caused market uncertainty, pushing premiums for futures contracts higher. President Trump's domestic agenda is the second major driver, which could extend Gold's bullish momentum further and boost demand for...
Silver rose to around $30.40 an ounce on Tuesday, extending gains from the previous session driven by supply concerns and a narrowing price gap between the New York and London markets. The threat of tariffs, especially after President Trump's inauguration, also boosted the premium for silver futures as traders braced for potential disruptions. In addition, silver prices remained supported by ongoing concerns about supply issues, especially in London vaults. In addition, strong industrial demand, especially in manufacturing, and expectations of a Federal Reserve interest rate cut, which...
Gold prices rose in early European trading on Tuesday (1/21), following President Donald Trump's inauguration on Monday and his announcement to raise taxes on Mexico and Canada early next month. Although Donald Trump refrained from directly hitting China with import levies. Trump has proposed tariffs of up to 10% on global imports, 60% on Chinese goods, and a 25% surcharge on Canadian and Mexican products. Source: Newsmaker.id
Silver prices (XAG/USD) rose slightly on Tuesday (1/21). Although there are tariff concerns, especially after the inauguration of President Trump, it is indicated that the premium for silver futures will increase as traders prepare for potential disruptions. However, the results of the report that Trump delayed new tariffs as pressure and reduced the silver price premium, thus having a positive impact on silver. Source: Newsmaker.id
Gold prices rose early in Asia on Tuesday (1/21), following President Donald Trump's inauguration on Monday and his statement to refrain from imposing massive trade tariffs on China and other countries on his first day in office, which weakened the U.S. dollar. Fears of a full-blown trade war eased somewhat, with Trump instead ordering his administration to address unfair trade practices globally and investigate whether Beijing has complied with agreements signed during his first term. Source: Newsmaker.id