Silver extended losses on Friday, weighed down by demand uncertainty, strong supply and a strong dollar. Investors also weighed the latest PCE report, which showed U.S. PCE prices rose 0.3% month-on-month and 2.5% year-on-year, while consumer spending unexpectedly fell 0.2% and income jumped 0.9%. Adding to market concerns, President Donald Trump confirmed that his proposed 25% tariffs on Mexican and Canadian goods will go into effect on March 4, along with an additional 10% duty on Chinese imports. Source: Newsmaker.id
Gold prices touched the $2876 area at the start of the Asian session on Monday (3/3) after closing at $2856. Resurgent concerns about economic health have raised market expectations for a Federal Reserve interest rate cut, which also adds to the appeal of gold bullion as a non-yielding asset. Meanwhile, investors are considering the economic outlook as US President Donald Trump prepares to impose import levies on major US trading partners. Source: \n This email address is being protected from spambots. You need JavaScript enabled to view it.
Silver prices rose on Monday, helped by a weaker dollar, while stalled peace efforts in Ukraine and concerns over U.S. tariffs fueled demand for the precious metal as a safe haven asset. Source: Newsmaker.id