Gold prices rose to a one-week high on Thursday, boosted by weaker US inflation data that reinforced expectations for a Federal Reserve interest rate cut this year, while investors eyed a raft of other inflation data for further direction. Source: Newsmaker.id
Silver prices attracted some sellers around $36.20, ending during Asian trading hours on Friday (6/13). Lower-than-expected US inflation in May has prompted traders to raise their bets on a Federal Reserve (Fed) interest rate cut. Geopolitical tensions escalated after Israel attacked Iran as tensions escalated over US efforts to halt Iran's production of atomic bomb materials. Source: Newsmaker.id
Gold prices rose near their highest levels on Monday during the Asian session (6/16), driven by safe haven demand as geopolitical tensions escalate in the Middle East following Israel's massive attack on Iran. On Sunday night, Iran and Israel launched about 100 drones into Israeli territory in retaliation. The escalating tensions add another layer of market uncertainty, following US President Donald Trump's trade policies. Source: Newsmaker.id