Gold prices hit record peak on safe-haven demand amid Trump tariff threats
Gold prices were largely steady in Asian trading on Friday, but were at a record peak after jumping in the previous session amid uncertainty around U.S. tariffs, while investors cautiously awaited a key U.S. inflation report. Spot Gold was largely unchanged after hitting a record high of $2,799.60 per ounce, while Gold Futures…
US dollar firms against peers after Fed holds rates steady
The U.S. dollar was firmer against major currencies on Wednesday after the Federal Reserve left interest rates unchanged as widely expected but gave scant clues about further reductions in borrowing costs this year. Fed officials made a unanimous decision to keep the overnight interest rate in the current 4.25%-4.50% range, putting the central…
Oil prices steady with US inventories, Trump tariffs in focus
Oil prices steadied in Asian trade on Wednesday after industry data showed a slightly smaller-than-expected build in U.S. inventories, although caution over trade tariffs and a Federal Reserve meeting persisted. Crude prices were nursing some losses this week as traders fretted over weak Chinese economic data, as well as concerns that U.S. President…
Trump says DeepSeek is a “wake-up call” for Silicon Valley
U.S. President Donald Trump said on Monday that he sees the recently-launched Chinese artificial intelligence model DeepSeek as a positive, and that it was a wake-up call for silicon valley. Trump said he was optimistic on DeepSeek’s claims of a faster and “much less expensive method of AI,” stating that American companies were…
Asia stocks rattled by Trump jitters; China shares mixed amid weak PMI, AI bets
Most Asian stocks fell on Monday after U.S. President Donald Trump’s imposition of trade tariffs on Colombia rattled risk appetite with the possibility of more such moves. Chinese markets were a mixed bag, as investors bought some local technology names on optimism over DeepSeek R1- a new artificial intelligence model that could potentially…
Trump considering 10% tariff on China from Feb 1
U.S. President Donald Trump said on Tuesday he is considering imposing 10% tariffs on Chinese imports from February 1, as he raised the possibility of increased duties on several major economies. Speaking at a White House event on his second day in office, Trump said he was considering the Chinese tariffs on concerns…
Asia FX slips after Trump inauguration; BOJ, BNM rate decisions awaited
Most Asian currencies weakened on Tuesday as the dollar rebounded following U.S. President Donald Trump’s inauguration, while the Japanese yen and the Malaysian ringgit gained ahead of their central banks’ rate decisions due this week. Trump assumed office overnight and announced a series of executive orders, underscoring his campaign pledges. The US Dollar…
Trump plans to extend TikTok’s U.S. stay, seeks 50% U.S. ownership
President-elect Donald Trump has announced his intention to issue an executive order on Monday that will extend the period before the law’s prohibitions on TikTok take effect. The move is aimed at providing more time to strike a deal that would ensure national security. In addition to extending the period, the executive order…
Dollar treads water ahead of CPI, tariffs remain in focus
The dollar weakened against the euro on Tuesday but stayed near its highest level in more than two years as cooler-than-expected inflation data following last week’s strong jobs report made it hard to project the Federal Reserve’s next moves on interest rates. Data showed U.S. producer prices increased moderately in December. Investors had…
US stock futures rise on report of gradual Trump tariffs
U.S. stock index futures rose on Monday evening as fears of overly disruptive trade tariffs under President-elect Donald Trump were eased by a report that his team was considering a gradual increase in duties. But gains in futures were tempered by continued caution over a slower pace of interest rate cuts in 2025,…
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