Silver hit an all-time high (ATH) today as investor interest in the precious metal increased after the Fed’s interest rate policy shifted toward a more lenient stance. The interest rate cut made the yields of interest-bearing assets like bonds less attractive, prompting some funds to shift to non-yielding assets like silver. Furthermore, the earlier rally…
Global oil prices rose slightly on Wednesday after hitting a one-month low in the previous session. Brent rose 0.43% to around US$62.75 per barrel, while WTI gained 0.41% to around US$58.19 per barrel. However, many analysts view this rise as more of a short-term technical pause, rather than the start of a strong uptrend. Market…
Gold prices moved little in Asian trade on Friday after sinking below key levels this week following a sharp rebound in the dollar, with focus now squarely on key U.S. labor market data for more cues on interest rate cuts in 2024. The yellow metal was nursing some losses for the week following a strong…
Saham Hong Kong dibuka sedikit lebih rendah pada Kamis pagi (9/11), mengabaikan petunjuk positif lainnya dari Wall Street, seiring para investor menunggu petunjuk mengenai rencana suku bunga Federal Reserve. Indeks Hang Seng merosot 0,09 persen atau 15,20 poin menjadi 17.553,26. Indeks Shanghai Composite melemah 0,15 persen atau 4,72 poin menjadi 3.047,65, dan Indeks Shenzhen Composite…
Feb 14 2025, 10:24 USD/JPY remains steady after registering losses in the previous session, trading around 152.60 during the Asian hours on Friday. The pair faced challenges following US President Donald Trump’s decision to postpone the implementation of reciprocal tariffs. Additionally, the US Dollar (USD) weakens amid falling US yields across the curve, despite ongoing…
Silver prices corrected after hitting a new record high. In Asian trading (Singapore), silver fell as much as 2.4% to around $57.09 per ounce, before settling around $57.43. Despite the correction, the price remains less than $2 from its previous record of $58.97. This correction occurred due to profit-taking by traders following the sharp rally…
