Silver prices rose about 1% to above $51 per ounce on Wednesday, the highest level in nearly three weeks, supported by growing expectations that the Federal Reserve will continue cutting interest rates this year. Optimism over an imminent end to the US government shutdown which would allow the release of fresh economic data, also reinforced…
Gold prices held steady after rising nearly 2% in the previous session, as traders weighed the uncertain US economic outlook, further complicated by a lack of official data. On Thursday, gold traded just below $4,200 an ounce, maintaining a fourth straight day of gains, its longest rally in a month. While US lawmakers are expected…
Hong Kong stocks fell on Thursday after hitting a one-month high, as investors opted to remain cautious ahead of the release of quarterly earnings reports from major tech companies, including Tencent and JD.com, as well as Chinese economic data for November. The Hang Seng Index fell 0.1% to 26,888.09 as of 10:06 a.m. local time,…
Japan’s Nikkei Stock Average is flat at 51063.78 as gains in financial shares offset losses in tech and energy stocks. Nomura Holdings is up 2.7% and Mitsubishi UFJ Financial Group is 2.0% higher while SoftBank Group is down 2.2% and Eneos Holdings is 1.1% lower. Broader market index Topix is up 0.4% at 3372.55. USD/JPY…
Silver prices (XAG/USD) have risen for three consecutive sessions and are hovering around $50.90/oz in Asia this morning. This “non-interest-bearing” metal is gaining traction as US economic uncertainty heightens expectations of a Fed interest rate cut. Fed Governor Stephen Miran’s comments to CNBC that inflation is starting to ease—even opening up the option of a…
Gold prices rose in the Asian session, with spot prices at $4,142/oz and December futures at $4,148/oz. Although risk appetite improved due to progress toward ending the longest US shutdown, concerns over its economic impact kept safe-haven demand strong. The recent strengthening of the dollar did little to halt the rally; gold returned to the…
