Silver extended its rally above $32 an ounce in early March, supported by a weaker dollar and rising safe-haven demand amid rising global trade tensions. The US imposed tariffs on Canadian and Mexican imports on Tuesday, along with an additional 10% duty on Chinese goods, raising the cumulative tariffs on China to 20%. Source: Newsmaker.id
Gold prices fell on Thursday as investors digested the latest developments surrounding tariffs and their impact on the U.S. economy and the Federal Reserve's decision. There was more movement on the tariff front on Wednesday, with President Donald Trump delaying new levies imposed on Mexico and Canada by automakers for a month. The move sent yields on Treasury bonds sliding to their lowest levels this year amid growing investor confidence that a trade-related slowdown in growth will prompt the Fed to cut interest rates several times in 2025. Lower borrowing costs and falling yields tend to...
Silver (XAG/USD) prices fell on Thursday (06/03) and eroded some of the weekly gains recorded over the past three days. The white metal is currently trading above the mid-$32.00s, down 0.35% for the day, although the near-term bias seems tilted towards bullish traders and supports prospects for further appreciating moves. Source: Newsmaker.id