Prices fell after two consecutive days of gains. The decline came as safe-haven demand weakened following news that US and Chinese officials will meet this week to discuss trade, raising hopes of a de-escalation.In a key development, US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer are scheduled to meet Chinese Vice Premier He Lifeng in Geneva over the weekend. This marks the first high-level dialogue since the US imposed tariffs that sparked a global trade conflict. China's Commerce Ministry confirmed Beijing's willingness to engage, taking into account the US...
Gold rose on Thursday after the Federal Reserve kept interest rates unchanged, and Chairman Jerome Powell said the central bank was in no rush to cut despite the trade war. Powell warned that President Donald Trump's tariff agenda raised the risk of higher inflation and slower growth, but added that the Fed could afford to hold off on policy until officials had a better understanding of where the economy was headed. Source: Newsmaker.id
Silver prices rose more than 1% on Thursday (08/05), recovering losses from the previous session as investors sought refuge in safe-haven assets amid ongoing economic and trade uncertainty. The recovery followed the Federal Reserve's decision on Wednesday to keep interest rates steady, as expected. However, Chairman Jerome Powell was cautious, highlighting rising risks to inflation and employment, and downplaying the possibility of preemptive rate cuts to mitigate the potential economic impact of new tariffs. Source: Newsmaker.id