Gold prices fell on Friday (August 8th). Traders digested the latest tariff headlines as the precious metal headed for its second consecutive weekly gain. However, the decline in gold prices appears to be temporary. The latest gold price decline was largely driven by profit-taking as traders capitalized on the surge in gold futures prices to new record highs. Source: Newsmaker.id(alg)
Gold (XAU/USD) prices pared some of their intraday losses, although they remained pressured below the $3,400 level and above the two-week high reached last Friday. Amid optimistic market sentiment, the moderate strengthening of the US dollar (USD) prompted profit-taking around the commodity after its recent gains over the past week or so. However, a combination of factors helped limit the decline in the precious metal. Source: Newsmaker.id
Silver prices traded steadily this morning in the range of $37–38 per ounce, supported by strong fundamentals. The market remains wary of a global supply deficit due to weak mining production growth, while demand from the industrial sector—particularly solar energy and electronics—continues to increase. HSBC recently raised its 2025 average silver price projection to $35.14/oz, reflecting the potential for further strengthening. Other factors supporting prices include expectations of interest rate easing by the Federal Reserve and a weakening US dollar, which makes the precious metal more...