Silver prices rose above $31 an ounce on Thursday, extending gains for a second session as commodities bounced back after Trump's reversal of his tit-for-tat tariff policy. Trump lowered new tariffs on imports from most U.S. trading partners to 10% for 90 days to allow for trade negotiations. However, major Chinese consumers remain subject to steep 125% tariffs amid ongoing tit-for-tat escalations between Washington and Beijing—maintaining a level of geopolitical and economic uncertainty that continues to support safe-haven demand. Source: Newsmaker.id
Silver prices fell below $31 an ounce on Thursday (4/10), after extending gains for a second session as commodities bounced back after Trump's reversal of his tit-for-tat tariff policies. Meanwhile, minutes from the latest FOMC meeting revealed that most officials expressed concerns about the risk of stagflation. They also flagged the potential consequences of Trump's trade policies on the Fed's dual mandate of price stability and maximum employment. Source: Newsmaker.id
Gold rose to a new record high on Friday (11/4) as concerns about the impact of tariffs on the global economy continued to drive investors to seek safety in the precious metal even after U.S. inflation data eased. Bullion edged up in early Asian trading on Friday (11/4) to above $3,204 an ounce. That surpassed the previous record set in the previous session, when it closed more than 3% higher for a second straight day. Source: Newsmaker.id -ads