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 are still struggling in the early European trading session, when the news was made Silver was trading at around $29.96 on Wednesday (15/1). This is supported by market players still focusing on the US inflation data that will be released. While investors expect to support the US Federal Reserve's (Fed) decision to maintain interest rates at the current level in January. Note: This article is only an analysis and not a definitive reference. Pay attention to the development of fundamental and technical aspects in transactions before making investment decisions. Source:...
Gold prices extended gains after U.S. inflation data came in slightly weaker than expected, giving investors a faint hope that the Federal Reserve will continue its path of easing interest rates this year, which weakened the dollar.Spot gold rose 0.3% to $2,671.27 per ounce. U.S. gold futures settled 0.1% higher at $2,682.30. The data showed the Producer Price Index (PPI) rose 3.3% on an annualized basis in December, compared with a 3.4% increase expected by economists polled by Reuters.The cooler PPI data sent the U.S. dollar index lower and that helped the bullion market, as lower...
Silver prices edged up in midday US trading on Tuesday after falling more than 3% in the previous session, as the dollar weakened following weaker-than-expected US inflation data. Looking ahead, investors are focused on US consumer price index data for further insight into the Fed's policy direction. Despite the recent decline, silver has surged nearly 3% last week, marking its best weekly performance since mid-November. Silver continues to find support from strong industrial demand, particularly in renewable energy and electronics, as well as ongoing supply concerns. Source: Newsmaker.id
Gold steadied after falling the most in more than three weeks as expectations for fewer U.S. interest rate cuts this year were offset by demand for safe havens ahead of Donald Trump's return to the White House Bullion traded near $2,670 an ounce, having fallen 1% in the previous session as traders recalibrated bets on the Federal Reserve's easing path after a surprisingly strong U.S. jobs report reinforced views that interest rates are likely to remain high for longer. Higher borrowing costs tend to make the precious metal less attractive, as it does not pay interest. Source: Newsmaker.id
Silver prices (XAG/USD) are trading below $30 per troy ounce on Tuesday (14/1) after falling more than 3% in the previous session, as the dollar strengthened following stronger-than-expected US employment data. Meanwhile, investors are focusing on US inflation data this week for further insight into the direction of Fed policy. Despite the recent decline, silver has jumped almost 3% last week, marking its best weekly performance since mid-November. In addition, silver continues to be supported by strong industrial demand, especially in energy technology and electronics, as well as ongoing...