Silver prices rose above $30 an ounce in the mid-day U.S. session on Tuesday, hitting a near three-week high despite a stronger U.S. dollar after strong JOLTS Job Openings and ISM Services PMI data. Looking ahead, investors are focused on key U.S. labor market data this week to assess the outlook for Federal Reserve monetary policy, which could influence the direction of the dollar. Silver is also getting support from the positive economic outlook in China, the world's largest silver consumer. Beijing recently pledged to implement "more proactive" macroeconomic policies and lower interest...
Gold prices were higher in early Asian trade as the yellow metal remains a safe haven for many investors amid geopolitical uncertainty, analysts said. With Trump's upcoming inauguration, gold prices have been boosted by risk-averse sentiment, analysts at CITIC Futures wrote in a note. In the coming weeks, investors will be watching Trump's policy announcements, particularly around tariffs, as a key catalyst for gold. As of this writing, Gold Prices are at $ 2,648
Silver rebounds after a challenging year-end performance in 2024. There is good reason to suspect that bullion banks deliberately lowered gold and silver prices in late 2024 to "paint the charts" and influence the year-end closing prices. This tactic seems to make sense, given the solid gains in gold and silver over the year—26% and 21%, respectively. As the new year begins, the gold and silver bull markets are poised to regain momentum and potentially surpass last year's performance. As of this writing, the price of Silver is at $ 30,095 Source: Newsmaker.id