Asian equities were primed for some losses early Thursday after a fairly muted Wall Street reaction to in-line US inflation data that still supported expectations for Federal Reserve rate cuts. Equity futures in Japan and Hong Kong fell, while those in Australia advanced and US contracts were little changed. The S&P 500 closed 0.4% higher Wednesday, while the Nasdaq 100 added 0.1%, after…
Gold and silver retreated from record highs. Gold fell 2.9% to $4,004.26/oz the previous day after dropping 6.3% intraday, its biggest drop in over 12 years. Silver also fell more than 2% to around $47.6/oz after a 7.1% drop in the previous session. In Asia, stocks traded mixed after Wall Street ran out of steam,…
Gold prices were nearly flat after a two-day rally, amid concerns about the Fed’s independence and the risk of US inflation. At 9:04 a.m. Singapore time, spot gold edged down 0.2% to $3,391.71/oz, while the Bloomberg Dollar Spot Index weakened 0.1%. In other metals, silver and palladium were flat, while platinum weakened slightly. Sentiment pressure…
Japanese stock indexes rose in recent trading, following Wall Street’s recent record highs. This rise was supported by expectations that the Fed will maintain its loose monetary policy in the near term. The technology, metals, and electronics sectors led the gains, with SoftBank Group shares surging 4.9%, Sumitomo Metal Mining up 4.7%, and Hitachi Ltd….
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…
Dolar AS dan sebagian besar mata uang utama stagnan pada awal perdagangan hari Senin (18/9), kecuali sterling yang mengalami lonjakan, karena hari libur di Jepang dan sejumlah pertemuan bank sentral yang akan datang membuat pasar tidak bergerak. Pertemuan kebijakan Bank of Japan pada hari Jumat mendatang menjadi sorotan utama pekan ini di Asia, setelah Gubernur…
