Gold prices inched lower in Asian trading on Wednesday after hitting an all-time high in the previous session, as traders awaited specific details on U.S. President Donald Trump's April 2 tariffs. XAU/USD inched 0.3% lower to $3,116.24 per ounce by 00:57 ET (04:57 GMT), after rising by 0.4% in early Asian trading. It reached a record high of $3149.03 on Tuesday. Gold Futures expiring in June were largely unchanged at $3,146.06 an ounce. The yellow metal had hit consecutive fresh record-highs in the last four sessions, but traders were cautious on the day of Trump tariffs, leading...
The Silver price (XAG/USD) attracts some buyers to around $33.85 during the early European session on Wednesday. The concerns over US President Donald Trump's tariff plans widening the global trade war and triggering an economic slowdown boost the safe-haven flows, supporting the Silver price. Investors brace for US President Donald Trump's announcement of reciprocal tariffs later on Wednesday. Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent...
Gold price (XAU/USD) trades with a positive bias through the first half of the European session on Wednesday and remains close to the all-time peak touched the previous day. Investors remain worried about US President Donald Trump's aggressive trade policies and their impact on the global economy. Adding to this, persistent geopolitical tensions turn out to be key factors acting as a tailwind for the safe-haven bullion. Furthermore, expectations that the Federal Reserve (Fed) will resume its rate-cutting cycle soon in the wake of a tariff-driven US economic slowdown lend additional support...