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...
Silver prices held steady above $30 an ounce on Thursday, still near a three-week high as investors digested the Fed's cautious stance on interest rate cuts and awaited key jobs data due on Friday. The Fed's uncertainty about inflation and proposed tariffs under President-elect Trump has kept market participants on edge, boosting demand for silver as a safe-haven asset. In addition, strong industrial demand for silver, driven by its key role in renewable energy and electronics technologies, has further boosted its value. Source: Newsmaker.id
Gold held above $2,660 an ounce on Thursday after hitting its highest in a month, holding onto recent gains as investors continued to assess the outlook for Fed monetary policy ahead of key U.S. jobs data. The latest FOMC minutes indicated inflation is likely to ease this year, but policymakers noted the risk of persistent price pressures, in part due to Trump's policies. The central bank also signaled that it may be nearing a point where it could slow the pace of policy easing, denting the appeal of the non-yielding metal. Source: Newsmaker.id
Silver (XAG/USD) prices continued their uptrend on Thursday (1/9), continuing their rally that began in early January 2025. The white metal was trading around $30.40 per troy ounce during European trading hours this evening. While uncertainty surrounding inflation and proposed tariffs under President-elect Trump's administration has kept market participants on edge, which has strengthened demand for silver as a safe haven asset. In addition, strong industrial demand for silver, driven by its important role in the latest energy technology and electronics. Silver price at the time of this...
Gold prices (XAU/USD) remained in the $2,660 area on Thursday (9/1) and approached a four-week high reached the previous day. Cautious market sentiment, geopolitical risks, and concerns about US President-elect Donald Trump's tariff plans turned out to be the main factors supporting the safe-haven commodity. Furthermore, the move to safe assets triggered a modest decline in US Treasury bond yields and drove some flows towards the precious metal for the third straight day. Source: Newsmaker.id
Silver prices are holding in positive territory near their highest level in three weeks as investors absorb the Fed's cautious stance on interest rate cuts.The Fed's uncertainty about inflation and proposed tariffs under President-elect Trump have kept market participants on edge, strengthening demand for silver as a safe haven asset. In addition, strong industrial demand for silver, driven by its important role in renewable energy and electronics technologies, has further boosted its value.Supply constraints, including labor strikes and operational disruptions in mining, have exacerbated...