Gold fell on Thursday (01/05) to a two-week low on signs of potential progress in trade talks between the U.S. and other countries, denting demand for haven assets despite concerns about a weakening economy. Prices fell as much as 2.15% as market sentiment improved on Wall Street after National Economic Council Director Kevin Hassett said the Trump administration was making progress in tariff talks. Source: Newsmaker.id
Silver prices fell more than 1% toward $32 an ounce on Thursday (01/05), marking a third straight session of declines, as easing global trade tensions sapped demand for safe-haven assets. Sentiment shifted after U.S. President Donald Trump hinted at potential trade deals with India, Japan and South Korea, and voiced optimism about a deal with China. At the same time, the outlook for industrial demand for silver came under pressure amid weaker economic data from major economies. Source: Newsmaker.id
Gold was stable on Friday (2/5) at $3241 in the Asian session after experiencing a massive decline of more than 2% on Thursday.The easing of trade tensions between the US and its trading partners has affected demand for safe haven assets, thus weighing on the precious metal Meanwhile, investors are now pricing in a higher chance of a Federal Reserve (Fed) interest rate cut, although everything depends on the trade deal. This, in turn, could boost the price of non-yielding Gold. The US April jobs report will be in focus on Friday as it could prompt the US Fed to start cutting interest rates...