Silver (XAG/USD) prices moved higher to around $32.60 during Asian trading hours on Monday (24/2). A weaker US Dollar (USD) provided some support to the USD-denominated commodity prices. Meanwhile, uncertainty and concerns over US President Donald Trump's tariff plans could increase inflows of safe-haven assets, contributing to the rise in silver prices. In addition, the market will focus on the release of the US Personal Consumption Expenditure (PCE) Price Index, the Fed's preferred measure of inflation, on Friday this week. Silver prices when this news was released were at...
Gold prices are approaching their highest levels today ahead of the European session. Gold is trading at $2,944 per ounce, and tends to be stable. While Tim Waterer, chief market analyst at KCM Trade said, "Disappointing US macro data at the end of last week has chased the dollar, which has opened the door higher for gold,". "With trade uncertainty not likely to go away anytime soon, gold could still aim for a new record high again this week." As of this writing, gold is at $2,944Source: ads@ Newsmaker.id
Silver prices rose above $32.50 an ounce on Monday (24/2), recovering some of the previous session's losses as the dollar came under pressure from a worsening economic outlook in the US and a stronger euro. Meanwhile, ongoing trade and geopolitical uncertainties continue to fuel safe-haven demand for the precious metal. Last week, US President Donald Trump's threat to impose tariffs on key sectors, including autos, semiconductors, pharmaceuticals and lumber, kept the market on guard. Source: Newsmaker.id