Silver (XAG/USD) prices bounced back after two consecutive days of losses, trading on Monday (03/03). The precious metal benefited from safe-haven demand amid concerns over US President Donald Trump's tariff policies. Over the weekend, Trump announced an additional 10% tariff on Chinese imports, effective Tuesday, following a similar 10% tariff imposed last month. Additionally, on Thursday, he stated via Truth Social that a 25% tariff on Canadian and Mexican goods would go into effect on March 4. Source: Newsmaker.id
Gold steadied after a rally when President Donald Trump confirmed he would impose tariffs on U.S. trading partners, deepening concerns about the global economic outlook and fueling buying of the precious asset. Bullion traded near $2,892 an ounce — following a 1.2% gain on Monday — as the U.S. leader said Mexico and Canada could not negotiate a suspension of tariffs set to take effect on Tuesday and then signed an order doubling levies on China to 20%. Geopolitical events were also in the spotlight, after a senior defense official said the U.S. was halting all military aid to...
Silver prices were steady around $31.50 an ounce on Tuesday (04/03), with investors assessing the economic outlook as US President Donald Trump prepares to impose tariffs on major trading partners. On Monday, Trump confirmed that 25% tariffs on imports from Mexico and Canada would go into effect today, along with doubling Chinese levies to 20%. He also reiterated that reciprocal tariffs would go into effect on April 2 on countries that impose duties on US products. Source: Newsmaker.id