Feb 18 2025, 15:10 Gold prices extended their gains on Tuesday, as uncertainty over U.S. President Donald Trump’s tariff plans continued to dominate market sentiment, driving safe-haven demand amid fears of a potential global trade war. Spot gold was up 0.6% at $2,913.79 an ounce, as of 0714 GMT. U.S. gold futures gained 0.9% to…
Gold prices weakened to around $4,060 per ounce on Wednesday, paring some of the gains recorded in the previous session. This movement occurred as investors opted for caution ahead of the release of two important data points from the United States: the minutes of the Federal Reserve’s (FOMC) meeting, released today, and the employment report,…
Oct 29 2024, 10:05 Gold advanced toward a record as traders prepared for key data that will help to set the stage for the next Federal Reserve policy decision, while the countdown to the US presidential election continued. Bullion climbed above $2,756 an ounce as investors waited for inflation and payroll figures this week, with the…
Silver traded above $40 an ounce for the first time since 2011 as expectations grew for an interest-rate cut by the Federal Reserve this month, boosting investor appetite for precious metals. Spot silver rose as much as 1.4% to $40.2920 an ounce on Monday, taking gains for this year to more than 40% in a rally…
Silver (XAG/USD) suddenly reversed direction on Thursday after a frenzied rally that briefly hit an intraday record of $121.65/oz. Following the euphoria, the market began locking in profits—resulting in wild swings. XAG/USD is now around $115.30/oz, down -1.29% today. Today’s range is very wide, from a low of $106.81 to a high of $121.65—a sign…
Japan’s Nikkei Stock Index fell 0.7% (October 22) to 48,988.23, dragged down by chip and metal stocks, as profit-taking followed the recent surge in these stocks. SoftBank Group fell 8.3%, Advantest fell 2.8%, while Sumitomo Metal Mining fell 5.3% and JX Advanced Metals fell 4.5%. Meanwhile, automotive stocks rose thanks to a weaker yen and…
