Gold rose on Friday (2/5) as investors rushed to buy the metal a day after prices hit a two-week low amid easing trade tensions, while market focus shifted to the U.S. nonfarm payrolls report due later in the day. Gold hit its lowest level since mid-April in the previous session and has fallen nearly 2% so far this week, its sharpest weekly decline since late February. Source: Newsmaker.id
Gold rose again above $3,260 an ounce on Monday, as uncertainty surrounding U.S.-China trade talks supported demand for the safe-haven asset. On Sunday, President Donald Trump said he believed China wanted to make a deal, though he did not provide details or a timetable. Last week, Beijing said it was evaluating starting trade talks but reiterated that any negotiations would require certain preconditions to be met. In addition, the U.S. dollar weakened, making gold more attractive to buyers holding other currencies. Source: Newsmaker.id
Silver (XAG/USD) prices halted a four-day decline, trading near $32.10 during the Asian session on Monday (5/5). The precious metal regained ground as ongoing uncertainty surrounding the US-China trade talks fueled safe-haven demand. As of this writing, Silver is trading at $32,409 Source: Newsmaker.id