Gold was above $2,995 an ounce on Friday in the trading session. It appears poised to post a strong gain for the second straight week. Meanwhile, Investors remain concerned about the potential economic impact of US President Donald Trump's aggressive trade policies.This, along with speculation that the Federal Reserve (Fed) will cut interest rates several times in 2025, turned out to be the main factors that acted as a driver for the non-yielding yellow metal. Source: Newsmaker.id
Silver (XAG/USD) prices fell after extending its upward momentum for the fourth straight day, during European trading hours on Friday (3/14). Silver's gains were limited as the US Dollar (USD) continued to strengthen. A stronger USD makes Silver more expensive for foreign buyers, potentially dampening demand Source: Newsmaker.id
Gold rose above $2,980 an ounce on Monday (03/17), holding near a record level, amid strong safe-haven demand. Fresh geopolitical risks boosted bullion prices after the U.S. said it would continue its offensive against Yemen's Houthis until they stop attacks on shipping in the Red Sea. In addition, concerns over an escalating trade war, sparked by a tariff exchange between the U.S. and its major trading partners, further strengthened gold's appeal as a safe haven. Source: Newsmaker.id