Gold rose on Wednesday (4/9) and was set for its best day since March 2023, supported by a weaker dollar and safe-haven inflows amid escalating US-China trade tensions after Beijing announced more levies on US goods. Investors worried that tariffs will stoke inflation and hamper economic growth dumped stocks, industrial commodities and sought refuge in gold. Source: Newsmaker.id
Silver (XAG/USD) prices rose nearly 2% on Wednesday (4/9). The white metal strengthened as the US dollar (USD) fell amid concerns that the escalating trade war between Washington and Beijing could tip the US economy into recession. Financial market participants are concerned that President Donald Trump's imposition of a 104% tariff on Chinese imports for pouring drugs into the US and his retaliatory tariffs will limit purchases of Chinese goods by US companies. Source: Newsmaker.id
Silver (XAG/USD) prices continued to rise for the second straight day, trading near $31.10 per troy ounce during the Asian session on Thursday. The grey metal surged nearly 4% in the previous session, boosted by renewed safe-haven demand amid escalating US-China trade tensions.As of this writing, Silver is trading at $31,054 Source: Newsmaker.id