The U.S. economy is showing some strains after years of resilience, with domestic demand moderating and job growth slowing, the International Monetary Fund said on Thursday. IMF spokesperson Julie Kozack said inflation was on a path to meet the Federal Reserve's 2% target, but there were some risks that could push it higher, largely as a result of tariffs imposed on imports by the Trump administration. "What we've seen over the past few years is that the U.S. economy has proven to be quite resilient. We do see now that some strains are beginning to show," she told a regular briefing....
Silver prices are at $36,118 per ounce, reflecting a consolidation phase after a strong rally that took it to a record 13 years ago. Fundamentally, the weakening US Dollar and expectations of an interest rate cut by the Fed provide support for demand for safe-haven assets such as silver. In addition, strong industrial demand, especially from the renewable energy and electronics sectors, which account for more than 50% of global consumption, also support prices. Source: Newsmaker.id
Gold strengthened to $3,340 in the European session (01/07) driven by the weakening US Dollar as the market became more confident that the Fed would cut interest rates. US fiscal concerns also pushed the USD to its lowest level since 2022, supporting gold's appeal as a safe asset. Uncertainty ahead of Trump's July 9 tariff policy also boosted demand for safe havens. However, risk-on sentiment and the release of US NFP data this week made the market tend to wait and see. In general, fundamentals still favor strengthening gold. Source: ayu-Newsmaker.id
The metal is under moderate pressure as broader market sentiment favors risk. US equities are holding onto recent gains near record highs. Rising risk appetite continues to weigh on demand for traditional safe-haven assets, capping Silver's upside. Source: Newsmaker.id
Gold prices got a little boost from expectations of a US interest rate cut at the opening on Tuesday (1/7). The market expects three interest rate cuts in the US during the second half of this year, which could support non-yielding assets such as gold. On the gold side, it is also still getting resistance thanks to a combination of a weakening US dollar and global uncertainty that is still raging, especially in the Middle East between Israel and Iran.
Gold prices held steady at around $3,298 per ounce in trading, after strengthening slightly driven by the weakening US dollar. Market players are currently cautiously awaiting the release of US employment data, including the ADP and Nonfarm Payrolls reports, which are scheduled to be released in the middle of this week. Source: Newsmaker.id
China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity.
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