Stocks in the US were mostly higher on Wednesday, with the S&P 500 up 0.1%, the Nasdaq adding 0.2% and the Dow Jones swinging around the flatline. Traders remain focused on corporate earnings and trade developments, particularly after President Trump announced increased tariffs targeting countries that purchase energy from Russia. He also signaled that new levies on semiconductor and pharmaceutical imports will be unveiled "within the next week or so". Apple was up 2.8% as President Donald Trump is set to announce the firm will commit to another $100 billion investment on domestic...
Silver prices jumped on Thursday, hitting a one-month high after softer U.S. inflation data supported expectations for further interest rate cuts from the Federal Reserve this year. U.S. retail sales rose less than expected in December and initial jobless claims rose sharply in January, putting some pressure on the dollar. The prospect of lower U.S. interest rates could boost demand for commodities by boosting economic growth and weakening the dollar. Source: Newsmaker.id
Gold prices continued their climb above the $2,700 level on Thursday, after U.S. retail sales data rose less than expected in December and initial jobless claims rose sharply in January, weakening the dollar slightly. The results also support the Fed's interest rate cut to prevent a sharper economic slowdown this year, after yesterday's softer core CPI figure hit gold prices. Elsewhere, Israel and Hamas reached a ceasefire and hostage agreement, easing demand for safe-haven assets. Source: Newsmaker.id
Gold rose on safe-haven demand ahead of Donald Trump's inauguration. The precious metal's strong start to the year is set to continue in the short term, given the incoming administration of US President-elect Donald Trump, MUFG analysts wrote. The incoming Trump administration will boost safe-haven demand and play into the fear-related dimension of MUFG's bullish outlook for gold in 2025, the analysts said in a note. Source: Newsmaker.id
Silver prices held steady near $30 an ounce on Wednesday (1/15) as investors awaited a key US inflation report that could influence the Federal Reserve's interest rate decision later this month. Earlier this week, silver faced downward pressure as stronger-than-expected US jobs data dampened expectations for further Fed rate cuts this year. Despite the recent pullback, the metal's value continues to be supported by strong industrial demand, particularly in renewable energy and electronics technologies, as well as ongoing supply concerns. DISCLAIMER Note: This article is only an...
Gold held on to a two-day gain, after a surprise slowdown in US inflation revived expectations for a Federal Reserve interest rate cut this year.Bullion traded near its highest in a month after the consumer price index, which excludes food and energy costs, rose 0.2% after four months of 0.3% gains. That suggested US officials may have room to ease policy sooner than previously thought. Treasury yields and the dollar fell after the release, boosting bullion's appeal as it bears no interest and becomes cheaper for most buyers when the US dollar weakens. Swap traders are now fully pricing in...