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 rose significantly on Thursday (2/1), the asset strengthened as the US bond yield rally stalled after surging more than 10% in the past four weeks. While market players are currently still looking for more clarity on the US Federal Reserve's interest rate path and President-elect Donald Trump's policies.The 10-year US Treasury yield fell to near 4.55%. Lower bond yields on interest-bearing assets indicate lower opportunity costs for non-yielding assets, such as Silver, which increases its appeal.Silver prices at the time of this news release +1.5% traded at the level of...
Gold edged higher after posting its biggest speculative gain since 2010, with traders pricing in the prospect of slower monetary easing by the Federal Reserve in 2025. "Despite the Fed's cautious tone, continued central bank buying and geopolitical uncertainties are expected to keep gold in focus as a preferred safe-haven asset," Kaynat Chainwala, an analyst at Kotak Securities, wrote in a note. Source: Newsmaker
Gold prices strengthened in the Asian session to start 2025, the increase was driven by the attack carried out by Israel on Gaza. The increase in gold also occurred amid the strengthening of the US dollar index today. Expectations for gold to continue to rise for 2025 with the encouragement obtained from geopolitical risks and expectations of increasing government debt due to deep fiscal deficits under the Trump administration, although there are potential challenges from slower Fed interest rate cuts and a strengthening US dollar.
Silver (XAG/USD) prices edged up in the Asian afternoon session on Thursday (2/1), slightly paring the previous session's decline, while market participants are currently still looking for further clarity on the US Federal Reserve's interest rate path and President-elect Donald Trump's policies. Meanwhile, excess capacity in China's solar panel industry has prompted photovoltaic companies to sign up for a government self-discipline program aimed at regulating supply, limiting the demand outlook for silver from its top industry. Pressure is also noted from the threat of yuan devaluation in...
Silver prices (XAG/USD) fell on Tuesday (2/1), Silver was trading at $28.98 per troy ounce, down 0.14% from $29.00 on Monday last week. While in the Fed's aggressive outlook and uncertain demand for industrial silver utilities. Inflation concerns that also prompted the FOMC to project only a slight interest rate cut for the coming year, this also prompted the market to cut its exposure to non-yielding gold bullion assets. In addition, excess capacity in China's solar panel industry prompted photovoltaic companies to register for a government self-discipline program aimed at regulating...