Latest news with #DanielGhali
Wall Street Journal
14-05-2025
- Business
- Wall Street Journal
Gold Edges Higher, Supported by Signs of Mild U.S. Inflation
2348 GMT — Gold edges higher in the early Asian session, supported by signs of mild U.S. inflation that back the case for further Fed rate cuts that would enhance the appeal of the non-interest-bearing precious metal. Economic data released Tuesday showed CPI rose a seasonally adjusted 0.2% in April, but year-over-year CPI cooled to 2.3% last month, a four-year low. Also, 'selling exhaustion' of the precious metal already seems likely, TD Securities' Daniel Ghali says in a research report. Despite the U.S.-China trade deal, Chinese gold ETF inflows continue to gather steam, the senior commodity strategist notes. Spot gold is 0.1% higher at $3,252.70/oz. (
Business Recorder
27-04-2025
- Business
- Business Recorder
Gold down 2pc as US-China trade tensions ease, dollar rises
NEW YORK: Gold prices fell 2% on Friday and were en route for a weekly dip as the dollar rose and signs of easing US-China trade tensions after a report that Beijing has exempted some US goods from its tariffs weighed on bullion. Spot gold was down 1.9% at $3,284.13 an ounce as of 09:10 a.m. EDT (1310 GMT). Bullion is down 1.2% for the week. US gold futures slipped 1.6% to $3,294.50. 'The apparent detente on tariffs is negatively affecting gold prices … But so far we've not seen substantial liquidations,' said TD Securities commodity strategist Daniel Ghali. 'However, we know that they've continued to buy the dip over the last few sessions, so we think gold can resume its upward trajectory.' China is considering exempting some US imports from its 125% tariffs and is asking businesses to identify goods that could be eligible, according to businesses notified. Earlier this week, US President Donald Trump suggested a de-escalation of their tit-for-tat tariff battle, saying direct talks were already underway. The US dollar, meanwhile, rose and was on track for its first weekly gain since March, making bullion more expensive for overseas buyers. Gold, traditionally seen as a hedge against geopolitical and economic uncertainties, scaled a record high of $3,500.05 per ounce and has gained more than 25% so far this year, owing to US-China trade tensions and strong central bank demand. 'Trade war concerns were the main reason behind all the prior gold buying. But it could still be a while before we see actual progress and so those concerns are not completely gone just yet,' said Fawad Razaqzada, market analyst at City Index and Elsewhere, spot silver slipped 1.1% to $33.21 an ounce, but was heading for its third straight weekly gains. Platinum fell 0.5% to $965.75 and palladium dipped 1.5% to $939.82.
Time of India
26-04-2025
- Business
- Time of India
Gold dips 2% as US-China trade tensions ease, dollar rises
Gold prices fell 2% on Friday and were on track for a weekly dip as the dollar rose and signs of easing U.S.-China trade tensions after a report that Beijing had exempted some U.S. goods from its tariffs weighed on bullion . Spot gold was down 1.7% at $3,292.99 an ounce as of 1:39 a.m. EDT (1739 GMT), after it fell as much as 2% earlier in the session. Bullion is down 1.2% for the week. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo U.S. gold futures settled 1.5% lower at $3,298.40. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. "The apparent detente on tariffs is negatively affecting gold prices ... But so far we've not seen substantial liquidations," said TD Securities commodity strategist Daniel Ghali. "However, we know that they've continued to buy the dip over the last few sessions, so we think gold can resume its upward trajectory." Live Events China is considering exempting some U.S. imports from its 125% tariffs and is asking businesses to identify goods that could be eligible, according to the businesses notified. Earlier this week, U.S. President Donald Trump suggested a de-escalation of the tit-for-tat tariff battle, saying direct talks were already underway. The U.S. dollar, meanwhile, rose and was on track for its first weekly gain since March, making bullion more expensive for overseas buyers. Gold, traditionally seen as a hedge against geopolitical and economic uncertainties, scaled a record high of $3,500.05 per ounce and has gained more than 25% so far this year, owing to U.S.-China trade tensions and strong central bank demand. "Trade war concerns were the main reason behind all the prior gold buying. But it could still be a while before we see actual progress and so those concerns are not completely gone just yet," said Fawad Razaqzada, market analyst at City Index and Elsewhere, spot silver slipped 1.6% to $33.03 an ounce, but was heading for its third consecutive week of gains. Platinum fell 0.5% to $965.53 and palladium dipped 1.8% to $936.89.
Wall Street Journal
10-04-2025
- Business
- Wall Street Journal
Gold Edges Higher as Traders Assess Mixed Developments
2343 GMT — Gold edges higher in the early Asian session as traders assess mixed developments. On the one hand, President Trump's unveiling on Wednesday of a 90-day pause on higher tariffs for most countries could ease concerns over a U.S. economic slowdown. On the other hand, Trump also announced that he had raised the tariff on imports from China to 125%, which might underpin the safe-haven appeal of the precious metal. Meanwhile, 'currency depreciation pressures are acute in Asia, which historically has been highly correlated to large-scale buying activity,' says Daniel Ghali, senior commodity strategist at TD Securities, in a note. Spot gold is 0.1% higher at $3,085.74/oz. (
Wall Street Journal
02-04-2025
- Business
- Wall Street Journal
Gold Steady, Underpinned by Signs of Chinese Buying Activity
2343 GMT — Gold is steady in early Asian trade. 'Buying activity by Chinese gold ETFs continues to pick up steam,' TD Securities' Daniel Ghali says in a research report. Chinese gold ETFs have added 233,000 ounces of notional gold over the last week, the senior commodity strategist says. Sentiment in China for the precious metal may have also been bolstered by Chinese life insurance companies' membership being granted by the Shanghai Gold Exchange, which officially allows them to buy gold, Ghali says. 'We see little scope for downside in gold,' the strategist adds. Spot gold is little changed at $3,112.98/oz. (
