European shares closed higher on Tuesday, buoyed by better-than-expected corporate earnings and renewed optimism that the Federal Reserve may cut interest rates next month. The pan-European STOXX 600 index edged up 0.15%, with most regional bourses also trading in the green. Earnings season, in full swing, offered some relief for investors concerned about the impact of trade uncertainty on corporate performance. Diageo gained 4.9% after the world's biggest spirits maker forecast flat 2026 sales despite U.S. tariffs and upped its cost-savings target. The stock boosted the food &...
Gold (XAU/USD) prices recovered recent losses from the previous session, despite lower trading volumes on Monday (12/30) than usual ahead of the New Year holiday. Safe-haven Gold gained support as markets anticipated signals about the United States (US) economy under the incoming Trump administration and the Federal Reserve (Fed) interest rate outlook for 2025. Safe-haven demand for the yellow metal could increase as potential tariffs and trade policies by the incoming Trump administration, which could trigger trade conflicts, boost risk-off sentiment. Source: Newsmaker.id
Silver prices edged higher in Asia as traders anticipated signals on the US economy under President-elect Donald Trump. Silver recovered from earlier losses amid low trading volumes ahead of the New Year holiday. Potential tariffs and trade policies from Donald Trump could trigger a trade conflict, boosting risk-off sentiment and supporting demand for safe-haven assets such as Silver. However, the prospect of fewer Fed rate cuts in 2025 may limit the upside in non-yielding Silver.
Gold moved steadily in the $2620s area amid small trading volumes due to the holidays that have begun in several world markets. Gold itself opened with slight gains after previously closing with a decline. Gold is heading for one of its biggest annual gains this century, with a 27% increase driven by US monetary easing, ongoing geopolitical risks, and a wave of central bank purchases.
Gold prices started the Asian session with a slight increase after previously closing lower on Friday. The increase occurred as the market anticipated signals from the US economy and the Fed's interest rate outlook for 2025 after the PCE data came in below expectations. Israel's attack on Yemen is also one of the factors driving gold at this time. Gold, a non-yielding asset, gained traction as the below-forecast US PCE inflation data raised expectations for a limited Fed interest rate cut next year, hinting at the possibility of more cuts.
Silver prices fell around $29.40 in thin US midday trading after the Christmas holiday on Friday (12/27). The white metal came under pressure even as tensions in the Middle East between Israel and Iran have escalated. On Thursday, Israel launched missiles at the Iranian-backed Houthi military and bombed Yemini airport. Following the airstrike, Israeli Prime Minister Benjamin Netanyahu said in an interview with Israeli Houthi TV, "We are just getting started with them." Israel retaliated against last week's airstrike by Iran. Historically, rising geopolitical tensions increase demand for...