Silver erased earlier losses to trade above $32 an ounce, near a three-month high, outperforming other bullion in the session as expectations of steady demand for the metal in the electrification industry offset bets of a more aggressive Fed this year. A surprise recovery in the ISM manufacturing PMI for January boosted the outlook for U.S. manufacturing after more than two years of monthly contractions. Source: Newsmaker.id
Gold is slightly changed and has recovered in the $2,900 area today, Wednesday (12/2). The precious metal is moving up as rising trade tensions encourage investors to seek protection in safe haven assets. Source: Newsmaker.id
Gold prices continued to strengthen in response to higher US consumer inflation figures and gained positive traction for the second straight day on Thursday. The momentum lifted the precious metal to $2,920 during the Asian session and was supported by a combination of factors.Investors remain concerned that US President Donald Trump's new levies on commodity imports and reciprocal tariffs will trigger a global trade war, which continued to support Gold prices as a safe-haven asset. Moreover, the emergence of fresh US Dollar (USD) selling provided additional support to the bullion and...