Demand for safe haven assets such as silver has been affected by signs that the White House may be making progress in negotiations with some trading partners.As of this writing, Silver is at $33,301 Source: Newsmaker.id
Gold extended its decline for the second day this week as the US dollar clawed back some gains and demand for safe-haven assets eased, with investors also weighing the prospects for improved trade relations between the US and EU after US President Donald Trump said on Sunday that he agreed to extend the deadline for 50% tariffs on the European Union (EU) until July 9. Source: Newsmaker.id
Gold continued to fall on Tuesday (5/27) as the dollar strengthened and demand for safe-haven assets declined, with investors also weighing the prospect of improving trade relations between the U.S. and the European Union. Bullion fell 1.5% as signs that Japan may be ready to adjust its debt issuance boosted global bonds and the U.S. currency. A stronger U.S. dollar makes gold more expensive for buyers in other currencies, while lower debt yields reduce the appeal of the non-interest-bearing precious metal. Source: Newsmaker.id