US Stocks plunged on Friday, as investors reacted to a weak July jobs report and a fresh round of tariffs announced by President Trump. The S&P 500 and Nasdaq fell 1.6% and 2.2%, their steepest drops since April, while the Dow lost 542 points. Payrolls rose by just 73,000 in July, far below expectations, with sharp downward revisions to prior months signaling deeper labor market weakness. Treasury yields fell and the odds of a September Fed rate cut rose above 80%. Sentiment worsened after new tariffs of 10% to 41% were imposed on imports from key partners including Canada, India, and...
Gold (XAU/USD) rallies for the fifth day in a row. The precious metal pulls back below $2,700 again during the US session on Friday after the US Dollar (USD) gains ground following the release of stronger-than-expected activity data. Overall, however, Gold sees gains as inflaming Russia-Ukraine tensions drive renewed safe-haven flows. The preliminary US Global Composite PMI rises to 55.3 in November from 54.1 in October, according to data on Friday. The Manufacturing PMI rose to 48.8 in line with expectations and the Services PMI rose to 57.0 from 55.0 previously and beat expectations of...
Gold prices (XAU/USD) continued to maintain strong gains during the early European session and are currently trading near a two-week high, just below the $2700 level. Ongoing geopolitical risks due to the worsening Russia-Ukraine conflict helped the safe-haven precious metal extend its weekly uptrend for the fifth straight day. In addition, expectations that US President-elect Donald Trump's expansionary policies could reignite inflationary pressures turned out to be another factor that benefited the commodity, which is considered a hedge against inflation. Gold prices at the time of this...
Gold bullion traded above $2,660 an ounce after Ukraine said Russia had launched an intercontinental ballistic missile at the central Ukrainian city of Dnipro. The attack appeared to be the first reported use of an ICBM, designed to hit targets thousands of kilometers away, since the start of the invasion. Rising geopolitical tensions tend to benefit the precious metal. Source: newsmaker.id
Silver (XAG/USD) prices retraced the continent's recent decline from the previous session, trading around $31.00 during Asian trading hours on Thursday (11/21). The precious metal's price increase was driven by safe-haven inflows amid rising tensions in the Russia-Ukraine war. Source: newsmaker.id
Silver prices eased to around $31 per ounce on Wednesday as concerns over the escalating Russia-Ukraine conflict began to subside. On Tuesday, silver briefly rose above $31.50 after Russia lowered its threshold for a potential nuclear strike. However, market fears eased after Russian Foreign Minister Sergei Lavrov stated that the country would "do everything possible" to avoid nuclear war, and the US indicated it saw no reason to adjust its nuclear policy. until this news was released the price of silver was at the level of $ 30.931 Buy if the minimum price moves at the level of $30,731 -...