Silver jumped more than 2% to a record high, supported by ongoing supply tightness and rising expectations for an interest-rate cut in the US this month. Gold was steady. The white metal traded as high as $57.86 an ounce, rising for a sixth consecutive day and building on a 6% gain in the previous session….
The Nikkei index opened up around 0.2% to 50,707.54, following positive sentiment on Wall Street after the Fed cut interest rates. Today’s gains were led by financial and trading house stocks; Dai-ichi Life Holdings rose around 2.4%, while Sumitomo Corp. gained around 2.5%, reflecting a return to risk appetite in the Japanese stock market. On…
The crypto market moved lower on Tuesday. Bitcoin slumped to around $112,000 after experiencing a sell-off earlier in the month, while Ether also fell by around 5% to around $3,900, and most major altcoins also fell, pushing the total crypto market capitalization down by around 1%. Market participants appeared cautious ahead of the Federal Reserve’s…
Gold prices fell slightly in Asian trade on Friday, but were sitting on strong gains from the prior session as softer-than-expected U.S. inflation data ramped up bets on a September interest rate cut. The yellow metal blew past the closely-watched $2,400 an ounce level on Thursday and was less than $50 away from a record…
Oil prices eased in early Asian trading on Monday as fears of weaker demand in top oil importer China weighed on market sentiment while investors focus on the progress of ceasefire talks in the Middle East, which could reduce supply risks. Brent crude futures dropped 13 cents, or 0.2%, to $79.55 per barrel by 0032…
The meeting between US President Donald Trump and Chinese President Xi Jinping concluded after about 90 minutes of talks, aimed at defusing tensions in the trade war that has roiled global markets. The two leaders were seen shaking hands before walking together out of the meeting, which took place at Busan Airport, South Korea, on…
