Silver held steady on Tuesday (2/11), recovering some of the previous session's losses as US President Donald Trump's tariff warnings fueled safe-haven demand for the metal. Trump announced a 25% blanket tariff on all steel and aluminum imports, effective today, with additional tariffs to be announced on Tuesday or Wednesday. The precious metal was supported by a weaker dollar, as concerns over escalating global trade tensions eased Source: Newsmaker.id
Gold prices continued their record on Tuesday (2/11) and broke through the key level of $2,921 for the first time, supported by safe haven demand as US President Donald Trump's new tariff threats amplified concerns about trade wars and inflation. Meanwhile, investors will focus on Federal Reserve Chairman Jerome Powell's testimony before Congress on Tuesday and Wednesday for clues on the trajectory of monetary policy. Source: Newsmaker.id
Silver prices rallied on safe-haven demand on Monday, rising 0.90% and regaining $32.00 a troy ounce at the time of writing.The precious metal continued to perform positively on Monday after US President Donald Trump imposed a 25% tariff on all aluminum and steel imports. This prompted traders to seek the safety of haven assets such as Silver, Gold, and the US Dollar.As of this News Release Silver price is at $32,157 Source: Newsmaker.id