Gold prices held near their highest levels on Friday (1/24) as traders weighed President Donald Trump's latest tariff threats against Europe, along with his pledge to push for more interest rate cuts. Bullion hit an intraday high in Asia at $2,777 an ounce and was on track for a weekly gain of about 2%, supported by haven demand amid concerns about the global economic outlook under the new U.S. administration. Source: Newsmaker.id
Silver prices rose slightly on Friday (1/24) after US President Donald Trump's trade plan added to the dollar and increased demand for silver. The dollar (DXY), down more than 1% this week, headed for its worst weekly decline in two months, sending spot silver up 1.1% to $30.78 per ounce. Source: Newsmaker.id
Gold (XAU/USD) prices maintained their bullish bias heading into the European session on Friday (1/24) and touched a fresh multi-month high, around the $2,778 region in the last hour. Comments by US President Donald Trump, who said that he would prefer not to use tariffs on China, helped ease trade war fears and inflation concerns. This, in turn, triggered a fresh leg down in the US Treasury bond yields amid Trump's call for lower interest rates, which dragged the US Dollar (USD) to a one-month low and boosted demand for the non-yielding yellow metal. Source: Newsmaker.id