Silver rose during Asian trading hours on Monday (6/23). The white metal attracted some buyers amid rising tensions in the Middle East after the US bombed an Iranian nuclear site. The United States carried out airstrikes on three nuclear sites in Iran early Sunday despite US President Donald Trump's long-standing pledge to avoid new foreign conflicts. Source: Newsmaker.id
Gold prices weakened amid easing geopolitical tensions after President Donald Trump announced a total ceasefire between Israel and Iran. Spot gold fell around 0.6% to $3,351.79 per ounce, as the market began to release safe haven assets and return to hunting for risky instruments. The tensions that previously drove the surge in precious metal prices are now considered to have decreased significantly, reducing demand for gold. From a technical perspective, gold prices are showing short-term correction signals after failing to stay above the psychological resistance level of $3,370. Investors...
Silver prices rose during Asian hours on Tuesday (6/24). Silver depreciated as a ceasefire agreement between Israel and Iran reduced demand for safe havens. On Monday, Federal Reserve (Fed) Vice Chair for Supervision Michelle Bowman could support a July interest rate cut as risks to the job market may increase. Bowman also highlighted that inflation appears to be on a sustainable path back to 2%, and she is less concerned that tariffs will cause inflation problems. Source: Newsmaker.id