Gold prices remained under pressure during the early Asian session on Monday as a stronger US dollar weighed on bullion. The metal eased after hitting an all-time high on Thursday amid hopes for a Ukraine peace deal. However, potential interest rate cuts hinted at by the Federal Reserve (Fed) and ongoing economic uncertainty may limit gains for the yellow metal. On Sunday, Ukrainian and US officials held talks in Riyadh, Saudi Arabia, continuing efforts to end the three-year war as President Donald Trump pushes for a ceasefire. Ukrainian Defense Minister Rustem Umerov said that the...
Silver prices were steady in early Asian trading on Monday, after hitting a one-week low as the U.S. dollar strengthened. The dollar's gains came after Federal Reserve Chairman Jerome Powell reiterated that the central bank is in no rush to cut interest rates further, though he hinted at two potential rate cuts this year. Adding to the pressure on silver, lingering economic concerns in China dampened the outlook for its industrial demand, as Beijing announced fresh stimulus measures without providing specifics. Source: Newsmaker.id
After experiencing a moderate increase last week, the price of Gold is now trading in the area of $ 3022 in the European session on Monday (3/24).The price of Gold is benefiting from the weakening US dollar, increasing central bank demand, and concerns about the potential for universal US tariffs, Deutsche Bank analysts said in a note. China, in particular, drives a larger portion of central bank demand, namely 48%, Deutsche Bank said.The increase in bank demand is greater than the shrinking global jewelry demand, which is expected to be at its lowest level since 1989 amid record high...