Gold prices erased gains and fell about 2.5% to $3,020 an ounce on Friday (4/4), hitting a one-week low and further retreating from a record high set earlier in the week. Analysts attributed the decline to investors selling bullion to cover losses in other asset classes amid margin calls. China's announcement of a 34% tariff on all U.S. imports, in retaliation for President Trump's tariffs, has raised concerns about global economic stability and inflationary pressures. Source: Newsmaker.id
Silver prices fell to their lowest level in more than eight weeks on Friday (4/4) as concerns about demand for the industrial precious metal dominated sentiment due to recession fears stemming from a series of tariffs by US President Donald Trump. Silver moved in tandem with industrial metals, which are also under pressure from concerns about global growth and demand due to US tariffs and global trade turmoil. Source: Newsmaker.id
Gold prices are slowly recovering from their fairly sharp decline at the start of the Asian trading session on Monday (7/4).Gold prices fell around 2% to $2,970, this is still supported by profit-taking actions that are very dominant accompanied by the effects of the trade war.Gold bullion, which has repeatedly touched record highs in recent weeks, fell as much as 2.2% to below $3,000 an ounce, while copper fell as much as 7.7% in London, the most in five years. This follows the metal's defeat against oil which saw the Bloomberg Commodity Index plunge 5.8% last week, its worst performance...