Gold (XAU/USD) maintained its bid tone around the $2,900 round-figure mark through the first half of the European session on Monday, albeit lacked any follow-through and remained below its all-time peaks touched last week. Investors remained concerned that US President Donald Trump's tariffs could trigger a global trade war. This turned out to be a key factor that continued to benefit the bullion as a safe-haven asset. Meanwhile, growing market acceptance that the Federal Reserve (Fed) will stick to its hawkish stance and keep interest rates on hold for an extended period helped revive...
Silver prices stabilized above $32 per ounce on Monday after experiencing wild swings in the previous session. The metal found support from a weaker dollar, driven by softening US economic data and easing concerns over a global trade war. Investors also kept an eye on US-led efforts to resolve the war in Ukraine, which could reduce demand for safe-haven assets like silver. However, silver reached a three-month high on Friday as strong industrial demand, particularly from the electrification and manufacturing sectors, supported prices. Recent data revealed that China added 357 gigawatts of...
Gold (XAU/USD) prices weakened slightly in mid-European trading on Monday (2/17), below $2,900 at the time of writing. Meanwhile, the United States (US) market is closed due to the President's bank holiday. On a rather quiet trading day, no less than three Fed speakers will make comments in the macroeconomic calendar without any releases. Source: Newsmaker.id