Silver prices are supported by global uncertainty following fresh tariffs from US President Donald Trump.The latest FOMC Meeting Minutes stressed the need for more time to assess various factors before considering any interest rate adjustments.The grey metal is supported by strong industrial demand driven by electrification and manufacturing.Silver (XAG/USD) bounced back from recent losses recorded in the previous session, The grey metal is gaining momentum as its safe-haven appeal remains strong amid global uncertainty. US President Donald Trump recently proposed a 25% tariff on cars, along...
Gold prices rose to an all-time high (ATH) and traded above $2,950 an ounce on Thursday (20/2), as concerns that US President Donald Trump's tariff threats will trigger a global trade war boosted investor interest in the metal. Spot gold prices rose 0.7% to $2,953.12 an ounce, as of 0853 GMT, after hitting $2,954.69 earlier in the session, a 10th record high this year. Source: Newsmaker.id
Silver prices climbed toward $33 per ounce on Thursday, recovering losses from the previous session as trade and geopolitical uncertainties drove demand for safe-haven metals. Earlier this week, US President Donald Trump announced plans to impose 25% tariffs on imports of automobiles, semiconductors, and pharmaceuticals, reigniting fears of a broader global trade war. Market anxiety also deepened following Trump's remarks calling Ukrainian President Volodymyr Zelenskiy a dictator amid ongoing peace talks with Russia to end the war in Ukraine. Meanwhile, US Federal Reserve officials noted...