Silver prices moved steadily for the Asian session on Thursday (6/2). Safe haven metals such as Silver strengthened due to increased risk aversion after the closing of global trade and economy. Traders are concerned that the US could impose tariffs on precious metal imports into the US after President Donald Trump announced the latest tariffs on Canada, Mexico, and China. Trump then postponed the tariffs imposed on Canada and Mexico.Source: Newsmaker.id
Gold prices fell on Thursday (2/6) as the dollar strengthened again, although concerns over the US-China trade war kept safe-haven bullion close to a record high hit in the previous session. Spot gold prices fell 0.4%. US Federal Reserve officials also pointed to the large policy uncertainty surrounding tariffs and issues arising from the early days of the Trump administration as one of the main challenges in figuring out where to take monetary policy in the coming months. Source: Newsmaker.id
Silver held above $32 an ounce on Thursday (2/6), holding near a three-month high hit in the previous session, as the dollar weakened sharply as concerns eased about a global trade war that could fuel inflation. The US and China have taken a cautious approach to tariffs, with US President Donald Trump and Chinese President Xi Jinping set to discuss trade developments and possibly reach a deal to roll back some existing tariffs. Source: Newsmaker.id