Gold continued to rise in Europe on Tuesday (06/05) for the second straight day, as geopolitical tensions around the world continued to support investor demand for safe-haven assets. In the Middle East, Israel is increasingly preparing its ground offensive in the Gaza Strip with the aim of fully controlling the territory. In the United States (US), pressure is increasing on US President Donald Trump and his administration to finally announce the first trade deal. Trump and his cabinet have been very vocal about an imminent deal, with US Commerce Secretary Howard Lutnick saying that the...
Silver (XAG/USD) prices continued their gains for the second straight session, trading around $33.10 per troy ounce during Asian trading hours on Tuesday (06/05). Prices of precious metals, including Silver, rose as President Donald Trump's new tariff threats spurred demand for safe-haven assets. President Trump announced plans to direct the U.S. Trade Representative and the Commerce Department to begin imposing 100% tariffs on films produced overseas. Source: Newsmaker.id
Gold (XAU/USD) rose sharply on Tuesday, supported by converging geopolitical conflicts, trade policy uncertainty and investor defensiveness ahead of the Federal Reserve's (Fed) interest rate decision on Wednesday and Chairman Jerome Powell's press conference.Investors are seeking protection from rising global risks and a weaker US Dollar (USD). Gold's rally reflects deepening global jitters.As of this writing, Gold is trading at $3,413 Source; newsmaker.id