US equities ended lower on Tuesday as investors grappled with downbeat economic data, rising trade tensions, and mixed corporate earnings. The S&P 500 dropped 0.5%, the Nasdaq slid 0.7%, and the Dow slipped by 62 points, following Monday's sharp rebound from Friday's losses tied to a disappointing jobs report. Concerns about stagflation resurfaced after the ISM Services index showed activity had stalled in July. Meanwhile, President Trump's threats of steep tariffs up to 250% on pharmaceutical imports alongside potential levies on semiconductors, added to market unease amid ongoing...
Gold prices continued to rise on Friday even as stronger-than-expected US jobs data reinforced expectations that the Federal Reserve may not cut interest rates aggressively this year. Uncertainty over the policies of the incoming Trump administration continued to boost the appeal of safe-haven assets. Gold prices briefly dipped to $2,663.09 an ounce after data showed the US added 256,000 jobs last month, compared with economists' forecasts of 160,000. The unemployment rate was at 4.1%, compared with estimates of 4.2%. However, bullion prices quickly rose and hit their highest level since...
Silver prices remained above $30 an ounce on Friday (10/1), nearing a three-week high as market participants weighed the Fed's cautious stance on interest rate cuts. Meanwhile, the Fed's uncertainty about inflation and proposed tariffs under President-elect Trump have kept market participants nervous, which has strengthened demand for silver as a safe haven asset. In addition, strong industrial demand for silver, driven by its important role in renewable energy technology and electronics, has further boosted silver's value. Silver prices at the time of this news release +0.7% or are at...
Gold (XAU/USD) prices continued their uptrend for the fourth straight day and rose to a four-week peak, around the $2,678-2,679 area during the early European session on Friday (10/1). Ongoing geopolitical risks stemming from the prolonged Russia-Ukraine war and tensions in the Middle East, along with fears of a trade war and a generally weaker risk tone, turned out to be key factors supporting the precious metal as a safe haven. Source: Newsmaker.id
Further increases in Silver prices could indicate a growing bullish momentum. However, the alignment of Trump's policy news still shows no strong directional trend in the short-term price movement.Silver prices may face potential upside, the influence of concerns about Trump's policy changes has raised concerns among market players which could potentially increase Silver purchases for Second Safe Haven facilities to strengthen again.Until this news was released, the price of silver was at $ 30,133 Source:Newsmaker23
Gold rose for a third day as traders weighed the outlook for the Federal Reserve's easing path, ahead of key jobs figures due later Friday.Bullion traded near $2,670 an ounce — hitting its highest level since mid-December but showing limited movement with some US financial markets closed on Thursday. Recent data showed US private-sector hiring and wage growth slowed in December.The Fed will need to balance that with renewed inflation fears when deciding whether to cut interest rates, with minutes from its meeting last month reiterating a more cautious approach to easing. Lower borrowing...