Gold prices (XAU/USD) were stable in the $2634 area at the start of the Asian trading session on Tuesday (7/1)This was driven by traders considering the risks to global trade under the new US administration, with President-elect Donald Trump denying reports that he might moderate plans for blanket tariffs. The gold price at the time of this news release was -0.5% or at $2634/Toz. Source: Newsmaker
Silver prices held above the $30 an ounce level in the mid-US session on Monday as investors cautiously awaited key US economic data that could influence the Federal Reserve's monetary policy outlook. Among the upcoming reports, the market is mainly focused on the US monthly jobs report due on Friday, which could provide insight into whether silver will recover further. Source: Newsmaker.id
Silver prices (XAG/USD) traded above $30 per troy ounce on Tuesday (7/1), which touched the highest level in almost three weeks as the US dollar weakened following reports that the new Trump administration may take a more targeted approach in implementing tariffs. Market players are currently focused on important US labor market data this week to assess the outlook for Federal Reserve monetary policy, which could affect the direction of the dollar. Meanwhile, silver is still supported by the positive economic outlook in China, the world's largest silver consumer. Beijing recently promised...