The Nikkei 225 Index rose 1.27% to close at 48,278 while the broader Topix Index added 0.62% to 3,203 on Thursday, extending gains from the previous session as investors navigated political uncertainty in Japan, while a strong earnings season kept the momentum in stocks. The ruling Liberal Democratic Party proposed holding a vote for a new prime minister on Oct. 21, though opposition parties have yet to agree on the date, keeping the outlook for LDP's Sanae Takaichi unclear. Sentiment was also lifted by a solid start to the earnings season, bolstered by expectations of US rate cuts and...
Bullion prices were steady after falling 2.5% in the previous session. The dollar gauge rose to its highest in a year, with markets expecting more gains related to Trump's trade tariffs and solid U.S. economic growth. A stronger dollar makes commodities priced in the currency more expensive for most buyers. The precious metal has fallen more than 4% since last week's election, as hedge funds unwound bullish bets and exchange-traded fund flows became less supportive amid a broad rotation into U.S. equities. The selling was also "partly technical" after a break below its 50-day moving average...
Harga perak (XAG/USD) melanjutkan penurunannya baru-baru ini berada di area $30-an per troy ons pada Selasa (12/11) yang merupakan level terendah dalam hampir dua bulan karena lonjakan baru dalam sentimen risiko menekan permintaan. Sementara prospek kebijakan fiskal ekspansif di AS menjelang masa jabatan kedua Donald Trump mendorong investor untuk beralih dari aset aman ke ekuitas dan mata uang dolar AS, sehingga menekan perak. Sebaliknya, Tiongkok menahan diri untuk tidak menciptakan aliran stimulus fiskal baru dan memilih untuk merestrukturisasi utang publik dalam langkah-langkah fiskal...
Oil extended declines as a soft outlook for demand in China, the world's largest crude importer, continued to plague the market. West Texas Intermediate retreated 3.3% to settle near $68 a barrel, while Brent settled below $72. Data over the weekend showed anemic Chinese consumer inflation in October and another decline in factory-gate prices. The dollar climbed further, making commodities priced in the currency less appealing. The retreat in crude prices comes alongside weakness in key market indicators. The nearest WTI futures contract traded at its...
Gold fell to a near two-month low on Monday as the dollar continued to rally following Donald Trump's win in the U.S. presidential election. Gold for December delivery was last seen down US$74.90 to US$2,619.00 per ounce, the lowest since Sept.19. The drop comes as the dollar rose to the highest since July, with the ICE dollar index last seen up 0.58 points to 105.58. The currency's rally began after Trump defeated Vice-President Kamala Harris in the Nov. 5 election and comes despite a second cut to U.S. interest rates on Thursday by the Federal Reserve. "An eventful week that saw...
Gold fell to the lowest in a month as traders booked profits after a volatile week that saw prices whipsaw in the wake of Donald Trump's presidential election win and a Federal Reserve interest-rate cut. Bullion slumped by as much as 2.6% to $2,614.14 an ounce on Monday, the lowest intraday level since Oct. 10. That followed last week's 1.9% drop after Trump's victory spurred rallies in equity markets and the greenback. Strength in the S&P 500 Index and the US dollar "is frequently associated with a negative gold response as the USD is seen as moving higher for ‘good'...