Silver strengthened after Investor anxiety increased after President Donald Trump threatened to fire Fed Chairman Jerome Powell, raising concerns about political interference in monetary policy and undermining confidence in the central bank's autonomy. Adding to the risk-off mood were rising US-China trade tensions.As of this writing, silver is trading at $32,593 Source: Newsmaker.id
Gold (XAU/USD) price showed no signs of exhaustion and continued its rally higher, hitting another record high of $3,500 in early Asian trade on Tuesday. However, the price action has eased off a bit, with Gold dropping back to around $3,460 at the time of writing due to some profit-taking at the psychological level. Some markets around the world are returning to normal trading regimes after the holiday-tinged Easter price action, with Good Friday and Easter Monday seeing reduced trading volumes due to bank holidays. This week's rally was driven by rising uncertainty and pressure on the...
Gold Down after hitting $3,500 an ounce for the first time as traders booked profits following a nearly 10% rally this month. Gold fell as much as 1.5% during U.S. trading hours after earlier surging to a new record as risk appetite improved with equities bouncing back, bonds and the dollar stabilizing. The precious metal is also in overbought territory, indicating recent gains may be overdone. Source: Newsmaker.id