Today, silver price movements are driven by the trade-off between gold's strength and global macroeconomic dynamics. Meanwhile, the industrial sector—particularly renewable energy, electronics, and electric vehicles—continues to drive silver demand, with its usage trend expanding. Concerns about inflation, geopolitical tensions, and diversification opportunities also strengthen silver's role as an alternative safe-haven asset. However, silver price volatility remains high, so while upside potential remains, investors need to consider the risk of sudden price movements, which are often more...
Gold extended its decline to around US$3,330 per ounce on Friday (August 22nd), holding within a narrow range as traders avoided major action ahead of Fed Chairman Jerome Powell's Jackson Hole speech, which could potentially signal the direction of US policy in the near future. On Thursday, Fed officials gave little indication of support for an interest rate cut next month, leaving the market awaiting guidance from Powell's speech amid signs of a cooling labor market, while inflation remains above target and vulnerable to tariff-related pressures. Investors still see a chance of policy...
Gold prices fell on Friday (August 22nd), driven by a strengthening US dollar, which makes gold more expensive for foreign buyers. Meanwhile, investors await Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole Symposium as a key indicator of the direction of future monetary policy. CME FedWatch indicates a 75% probability of an interest rate cut at the next Fed meeting, a key support for non-yielding assets like gold. Source: Newsmaker.id