Oct 3 2024, 07:11 Gold was steady after a modest decline as stronger-than-expected US jobs data damped optimism the Federal Reserve’s would do another half-point rate cut at its next meeting. Bullion was near $2,660 an ounce after closing down 0.2% on Wednesday. Nonfarm payrolls numbers due Friday are the next gut check on the health of the US economy,…
May 5 2025, 12:32 Silver (XAG/USD) prices halted a four-day decline, trading near $32.10 during the Asian session on Monday (05/05). The precious metal regained ground as ongoing uncertainty surrounding US-China trade talks fueled safe-haven demand. On Friday, China’s Ministry of Commerce said it was considering a proposal from the United States (US) to resume…
Japanese stocks traded mixed following a Wall Street rally driven by the chip/tech sector. An unexpected decline in the US PPI fueled hopes of a Fed rate cut. Investors in Tokyo remained cautious ahead of the US CPI release. At 9:27 a.m. Tokyo time, the Topix fell 0.3% to 3,132.94, while the Nikkei rose 0.2%…
Oil prices slipped on Tuesday on worries about a slowing Chinese economy crimping demand, though a growing consensus that the U.S. Federal Reserve will begin cutting its key interest rate as soon as September limited declines. Brent futures fell 57 cents, or 0.67%, to $84.28 a barrel by 0630 GMT, while U.S. West Texas Intermediate…
Japanese stocks rose on Wednesday as artificial intelligence (AI)-related stocks rallied and hopes for a US interest rate cut grew. The Topix index rose 2% to 3,355.50 as of 3:30 p.m. Tokyo time, while the Nikkei 225 gained 1.8% to 49,559.07. Of the 1,668 stocks on the Topix index, 1,471 rose, only 166 fell, and…
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…
