Silver fell on Wednesday (07/05) as optimism US-China trade talks curbed demand for safe haven assets even as military hostilities between India and Pakistan escalated. US Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet with Chinese economic official He Lifeng in Switzerland later this week for discussions. Source: Newsmaker.id
Gold fell on Wednesday (7/5) in the European session, entering a new round of trade wars, now the US-China is starting to ease, this is enough to suppress demand for safe assets even as military hostilities between India and Pakistan escalate, and the Dollar Index is stable. However, Beijing said it would not sacrifice its principled stance or international justice to seek any deal. Currently, market players choose to wait and see ahead of this week's FOMC. As of this news release, the price of Gold is at $3,384 Source: Newsmaker.id
Silver (XAG/USD) weakened on Wednesday (07/4), hovering around $33.00 an ounce after two consecutive days of gains. The decline occurred as safe haven demand weakened following news that U.S. and Chinese officials will meet this week to discuss trade, raising hopes of a de-escalation. Source: Newsmaker.id