Gold prices held steady on Monday (4/7), supported by strong central bank demand and the potential for an early US Federal Reserve interest rate cut, but gains were capped as some investors sold bullion to cover losses in other trades. Spot gold was little changed at $3,034.89 an ounce, as of 1042 GMT, after hitting a session low of $2,971.09 earlier in the session. Source: Newsmaker.id
Gold prices fell on Monday (4/7) as investors opted for the dollar as a safe haven after broad US tariffs raised fears of a global recession. However, analysts remained optimistic about bullion given the challenging economic conditions. Gold, which is used as a safe investment during times of political and financial uncertainty, hit an all-time high driven by strong inflows of safe-haven assets amid geopolitical uncertainty and strong central bank demand. Source: Newsmaker.id
Silver (XAG/USD) prices approached $30.30 during North American trading hours on Monday (07/04). The white metal bounced back strongly after the bloodshed on Thursday and Friday as traders became increasingly confident that the Federal Reserve (Fed) could cut interest rates at its June meeting. However, industrial demand for Silver has changed as Trump's tariffs have stemmed concerns over the global economic outlook, especially in China, which has been hit with 54% tariffs. Source: Newsmaker.id