Silver prices hovered around $36.60 per ounce on Friday and were on track for a weekly loss of about 4%, pressured by a stronger US dollar. The dollar's strength was underpinned by renewed trade tensions after President Donald Trump reaffirmed a 10% global tariff and imposed reciprocal levies of up to 41% on countries without finalized trade deals.
Investors also remained cautious ahead of the July US jobs report, which is expected to guide the Federal Reserve's next policy move. On Thursday, core PCE prices, the Fed's preferred inflation gauge, rose 0.3% in June and 2.8% year-on-year, further muddying the outlook for a potential rate cut in September.
Separately, Trump reignited criticism of Fed Chair Jerome Powell for holding off on rate cuts, ending a brief period of calm between the White House and the central bank.
Source: Trading Economics
Silver price (XAG/USD) maintains its position after retreating from a fresh record high of $53.77, currently trading around $52.40 per troy ounce during the European hours on Tuesday. Silver prices cl...
Silver hit its highest level in decades as a historic short squeeze in London intensified, with the renewed price surge adding urgency to the global rush for bullion that could ease the supply-demand ...
Silver prices surged to near record highs following a major short squeeze in the London market. Meanwhile, gold hit a new record above US$4,060 per ounce, driven by surging demand for safe haven asset...
Silver surged toward an all-time high above $50 an ounce as a historic squeeze deepened in the London market. Spot prices rose as much as 3.7% to above $51 an ounce before paring some gains, while on...
Spot silver prices surged to their highest level in decades as surging demand for safe-haven assets exacerbated supply constraints in the London bullion market. The precious metal surged 2.3% past $50...
On Wednesday (October 15th), during the Asian session, gold prices traded around $4,166, driven by expectations of lower US bond yields following Jerome Powell's signal of a 25 bps interest rate cut this month, boosting appetite for assets like...
The Nikkei index rose 0.6% to 47,131.16, boosted by expectations of a Fed interest rate cut. Fed Chairman Jerome Powell hinted at the possibility of a 25-bps interest rate cut later this month, which Commerzbank research found was enough to trigger...
U.S. Trade Representative Jamieson Greer said on Tuesday that it was up to China whether the planned 100% tariffs on its exports would take effect on November 1 or sooner, noting it may be difficult for Beijing to find a way out. Speaking to CNBC,...
Asia-Pacific markets traded mixed Tuesday, breaking ranks with Wall Street that soared after U.S. President Donald Trump softened his stance on...
European stocks started the week in positive territory, with the STOXX 50 rising 0.9% and the STOXX 600 adding 0.6%, as traders geared up for the...
President Donald Trump arrived in the Egyptian resort of Sharm El-Sheikh on Monday for a summit with several other world leaders aimed at ensuring...
President Donald Trump's administration on Sunday signaled openness to a trade deal with China, even as tensions escalated over Beijing's new export...