The Silver price (XAG/USD) recovers to around $30.05 during the early European trading hours on Monday. The white metal edges higher as the fear of tariff wars and the potential global recession boost the safe-haven demand. Silver price has witnessed heightened volatility since last week in response to the US imposing reciprocal trade tariffs on key trading partners. Mounting fears of recession over the impact of a global trade war triggered by US President Donald Trump's reciprocal tariffs dampen market sentiment and undermine the precious metals. Furthermore, strong industrial demand,...
The Japanese Yen (JPY) reverses an intraday dip against its American counterpart and climbs back closer to the top end of the daily range heading into the European session on Monday. Investors remain worried that US President Donald Trump's tariffs would trigger an all-out global trade war and undermine economic growth around the world. Moreover, persistent geopolitical tensions lead to an extended sell-off in equity markets and offer some support to the safe-haven JPY. Meanwhile, signs of broadening inflation in Japan keep the door open for further interest rate hikes by the Bank of...
Gold prices pared earlier losses on Monday, as some safe-haven demand filtered through and as strong central bank buying supported prices after they dropped to an over three-week low, while analysts continued to see a bullish outlook for bullion. Spot gold was down 0.6% at $3,019.63 an ounce, as of 0745 GMT. Earlier in the session, gold dropped around 2% to its lowest point since March 13, as jittery investors offloaded the precious metal to offset losses elsewhere, amid fears of a global recession, fuelled by an intensifying trade war. U.S. gold futures firmed 0.1% to $3,037.30. Gold...