Gold held steady just below its record, around $3,645/oz, after an unexpected decline in US producer prices (PPI) fueled hopes of Fed policy easing. The market now awaits the release of US CPI data Thursday evening (WIB) for confirmation of the next direction. Current market expectations price a 25 bps price cut at the Fed’s…
Japanese stocks traded mixed following a Wall Street rally driven by the chip/tech sector. An unexpected decline in the US PPI fueled hopes of a Fed rate cut. Investors in Tokyo remained cautious ahead of the US CPI release. At 9:27 a.m. Tokyo time, the Topix fell 0.3% to 3,132.94, while the Nikkei rose 0.2%…
Silver is currently trading at around US$41.26 per ounce in Asian trading on Tuesday, a slight decline of 0.19% from the previous session. This level remains near its highest level in recent years, reflecting moderate volatility but remaining below the broader bullish trend. The decline in silver prices was driven by market optimism regarding the…
Gold held near its latest record reached on Monday, with its rally stoked by a surge in bets for a wave of Federal Reserve rate cuts this year. Bullion was little changed in early Asian trading, trading at around $10 short of its latest peak of $3,646.46 an ounce. It climbed 2.5% in the previous…
Japanese stocks headed for a four-day advance as bets that the Federal Reserve will cut rates drove US shares close to all-time highs. Topix Index rose 0.5% to 3,152.35 as of 9:30 a.m. Tokyo time Nikkei 225 advanced 0.9% to 44,046.88 Buying increased in export-related sectors like electronics and machinery, as well as materials stocks. Domestic demand-related…
The United States will begin lowering tariffs on Japanese cars and auto parts on September 16. This information was announced by Japanese tariff negotiator Ryosei Akazawa in a post on the platform X on Tuesday. Akazawa stated that the decision was outlined in an official notice in the US Federal Register published on September 9….
