Gold price (XAU/USD) struggles to capitalize on the previous day's late rebound from the $3,054 area, or a one-week low, and attracts fresh sellers during the Asian session on Friday. However, the risk-off mood, fueled by growing market concerns that US President Donald Trump's reciprocal tariffs could dent global economic growth and trigger a recession in the US, helps limit losses for the safe-haven precious metal.Meanwhile, expectations that the Federal Reserve (Fed) will resume its rate-cutting cycle soon on the back of a tariffs-driven US economic slowdown keep the US Dollar (USD)...
Silver prices dropped to around $31.50 per ounce on Friday, bringing weekly losses to nearly 8% as global trade and economic worries triggered a widespread selloff across financial markets. The decline followed US President Donald Trump's announcement of a 10% baseline tariff on all imports, with higher levies targeting major economies including China (54%), the EU (20%), Japan (24%), and India (27%). Affected nations have vowed to retaliate, stoking fears of a tariff-driven global economic slowdown. Equities and commodities bore the brunt of the selloff, while investors shifted toward...
Oil prices were down nearly 2% on Friday, and on track for the worst week in months over U.S. President Donald Trump's new tariffs, stoking concerns that a global trade war could hurt oil demand. Brent futures fell $1.28 to $68.86 a barrel by 0703 GMT, while U.S. West Texas Intermediate crude futures fell $1.29 to $65.66. Brent was on course for its biggest weekly loss in percentage terms since the week ended October 14, and WTI since the week ended January 21. While the highly anticipated tariff announcement by Trump on Wednesday sank crude prices, the impact was more severe elsewhere....