The spot gold price strengthened again and set a new record in trading on Tuesday (September 2nd) morning, reaching US$3,505 per ounce—its highest level ever. Market sentiment was driven by strong expectations that the Federal Reserve will cut interest rates by 25 basis points at its upcoming September meeting, with a probability of nearly 90 percent. The weakening US dollar also strengthened gold's position as a safe-haven asset, especially following dovish comments from Fed officials and a US court ruling that partially lifted Trump-era tariffs. Meanwhile, holdings of SPDR Gold Trust—the...
Silver prices are currently around $36,366, recording moderate gains in the early session on Thursday (6/26) as the US Dollar weakens and Treasury bond yields decline. Market sentiment tends to be cautious but still shows interest in safe-haven assets such as silver, especially amid uncertainty over US tariffs and the direction of the Fed's monetary policy. Technically, silver is still above the support of the medium-term rising channel, with momentum starting to stabilize even though the RSI indicator shows conditions approaching overbought. Source: Newsmaker.id
In this morning's session, gold prices remained stable at around $3,334 per ounce, reflecting investors' cautious steps towards geopolitical news and global monetary policy. The ceasefire between Israel and Iran is still being maintained, easing concerns about the escalation of conflict in the Middle East, thus reducing the urge for safe-havens such as gold. However, the pressure on the weakening dollar and the prospect of US-Iran diplomatic talks provide fundamental support that restrains selling pressure. The initial signal from the Federal Reserve to cut interest rates—which is not the...
Gold steadied as traders weighed a truce in the Middle East and weak US economic data that fueled hopes for Federal Reserve interest-rate cuts. Bullion traded little changed near $3,330 an ounce, after closing down 1.3% on Tuesday. The truce between Israel and Iran appeared to hold, easing demand for haven assets, after US President Donald Trump lashed out at both sides for early breaches. Meanwhile, US data showed consumer confidence has declined unexpectedly in June, signaling ongoing anxiety about tariff-driven impacts on the economy and the jobs market. That...
Silver prices rose during the Asian session on Wednesday (6/25) as a weaker US Dollar (USD) provided some support to the USD-denominated commodity. Traders are preparing for Federal Reserve (Fed) Chairman Jerome Powell who will testify later on Wednesday. In addition, Investors are also closely monitoring developments surrounding the Israel-Iran conflict. Israeli Prime Minister Benjamin Netanyahu said the country would strike again if Iran rebuilds its nuclear project. Any sign of escalation could boost the price of the precious metal in the near term. Source: Newsmaker.id
Gold prices remain in a downtrend after a fragile ceasefire between Iran and Israel eased geopolitical tensions in the Middle East, reducing demand for safe haven assets. Gold was trading almost unchanged at around $3,325 per ounce in early Asia, after closing down 1.3% the previous day. Although the conflict has eased, global uncertainty, trade tensions, and expectations of interest rate cuts remain supporting factors for gold prices which have risen 27% so far this year. On the other hand, weakening US consumer confidence in June added to market concerns about the economic impact of...
Gold fell as haven demand ebbed after US President Donald Trump announced that Israel and Iran had agreed to a ceasefire. Bullion fell as much as 1.6% to below $3,320 an ounce on Tuesday. Trump, who made the surprise announcement on his Truth Social platform days after ordering airstrikes on Iran's nuclear facilities, said the accord is aimed at a lasting end to the fighting and warned against violations. Israeli Prime Minister Benjamin Netanyahu confirmed later that his country has agreed to a truce after achieving its war goals in Iran. Rising haven demand because of...
Silver is currently showing an attractive performance in the global market, supported by a combination of macroeconomic factors, geopolitics, and solid industrial demand. The price of silver, which had previously weakened in the Asian session, has strengthened again and returned to the $36 area. President Trump said on Monday that a "complete and total" ceasefire between Israel and Iran would come into effect to end the conflict between the two countries. He also added that Iran would immediately begin a ceasefire, followed by Israel after 12 hours. Trump's comments came shortly after Iran...
Silver prices rose during Asian hours on Tuesday (6/24). Silver depreciated as a ceasefire agreement between Israel and Iran reduced demand for safe havens. On Monday, Federal Reserve (Fed) Vice Chair for Supervision Michelle Bowman could support a July interest rate cut as risks to the job market may increase. Bowman also highlighted that inflation appears to be on a sustainable path back to 2%, and she is less concerned that tariffs will cause inflation problems. Source: Newsmaker.id
Gold (XAU/USD) is extending its decline on Wednesday for a second consecutive day as the US Dollar (USD) and US Treasury yields firm ahead of the release of the Federal Open Market Committee (FOMC)...
Oil extended declines after OPEC+ agreed to a bigger-than-expected production increase next month, raising concerns about oversupply just as US tariffs fan fears about the demand outlook.
Brent...
The Japanese Yen (JPY) weakened against its US counterpart and reversed part of Friday's recovery from the lowest level since July 23 following Bank of Japan (BOJ) Governor Kazuo Ueda's remarks....