Gold (XAU/USD) prices held on to modest intraday gains through the first half of the European session on Thursday (2/13), albeit lacked follow-through and remained below the record highs touched earlier this week. Investors remain concerned that US President Donald Trump's trade tariffs could trigger a global trade war, which continued to act as a tailwind for the safe-haven bullion. Adding to this, a fresh leg down in the US Treasury bond yields dragged the US Dollar (USD) to a weekly low and turned out to be another factor that benefitted the commodity. Source: Newsmaker.id
Silver price (XAG/USD) holds onto gains near Wednesday's high around $32.30 in Thursday's European session. The white metal remains firm amid uncertainty that United States (US) President Donald Trump will announce reciprocal tariffs on Thursday.The White House said on Wednesday that US President Donald Trump could announce his reciprocal tariff plan before he meets with Indian Prime Minister Narendra Modi on Thursday.Such a scenario would deepen fears of a global trade war, which will boost the safe-haven appeal of precious metals, such as Silver. Source: Newsmaker.id
Gold prices rose on Thursday (2/13) as concerns grew about U.S. President Donald Trump's upcoming tariff plans, which could further strain global trade relations. U.S. producer prices rose strongly in January, providing further evidence of rising inflation and reinforcing financial market expectations that the Federal Reserve will delay interest rate cuts until the second half of this year. Source: Newsmaker.id