Gold (XAU/USD) prices extended its weekly uptrend for the third straight day on Wednesday and climbed to a two-and-a-half-week high during the Asian session. The commodity now looks to extend its momentum beyond the $2,700 mark and remains well supported by a combination of factors. Geopolitical risks stemming from the escalating Russia-Ukraine war and tensions in the Middle East, along with concerns over US President-elect Donald Trump's tariff plans, continue to boost safe-haven demand. Until this News Released Gold Prices Were at Level: $ 2,683
Gold prices held steady near a two-week high in Asian trade on Wednesday as geopolitical instability in Asia and the Middle East supported safe-haven demand.The yellow metal also found some bids as markets turned risk-averse ahead of key U.S. inflation data due later Wednesday, which is likely to factor into the interest rate outlook.As of this writing, gold is trading at: $2,698 Newsmaker.id
Silver prices fell to below $31.7 per ounce on Wednesday, underperforming other bullion assets amid uncertainty over Chinese industrial demand and weaker currencies for major silver exporters. Reports indicated that the Chinese government is willing to devalue the yuan in response to tariff threats from the US, consistent with its pledge to loosen monetary policy, making Chinese exports cheaper for foreign markets. Until this News Released Silver Price is at level: $ 31,679 Source: Newsmaker.id