The Shanghai Composite Index opened 0.4% higher at 2,871.55 in Shanghai. Kweichow Moutai Co. contributed the most to the index gain, increasing 0.7%. Hubei Mailyard Share Co. had the largest increase, rising 10.2%. In early trading, 1,926 of 2,212 shares rose, while 225 fell; 3 of 5 sectors were higher, led by industrial stocks. Source…
Silver price (XAG/USD) remains tepid, trading around $27.20 per troy ounce during the Asian session on Tuesday. Growth concerns in the United States (US) have led to a broad selloff in financial markets, dampening the safe-haven appeal of the metal. Recent disappointing US labor market data has heightened fears that the Federal Reserve may be…
Gold prices fell from near record highs in Asian trade on Tuesday as a rebound in stock markets sapped some demand for safe havens, although fragile sentiment still kept the yellow metal relatively upbeat. Gold had surged close to record highs on Monday, as a crash in global equity markets sent traders squarely into safe…
Oil fluctuated near a seven-month low as a selloff in wider financial markets countered rising tensions in the Middle East, with traders watching for a potential retaliatory strike on Israel by Iran. Brent futures traded around $77 a barrel after closing at their lowest level since early January on Friday, while West Texas Intermediate held near…
The yen surged to its highest level since January and stocks tumbled, with investors betting the Bank of Japan will keep raising interest rates after last Wednesday’s hike. USD/JPY dropped as much as 1.2% to 144.77, while Japan’s benchmark 10-year bond yield fell to its lowest since April, slipping as much as 17 basis points Leveraged funds were…
Prices of safe-haven gold were flat on Monday as some profit-taking partially offset support from U.S. recession jitters and rising expectations of a September rate cut from the Federal Reserve. Spot gold held its ground at $2,443.44 per ounce, as of 0335 GMT, after falling 1% earlier in the session. U.S. gold futures rose 0.7%…
