Gold (XAU/USD) weakened on Tuesday after briefly surging to an all-time high of $3,508 per ounce during the Asian session as a rebound in the US dollar and Treasury yields triggered mild profit-taking. At the time of writing, the precious metal was trading near $3,485 in the early American session, extending its six-day winning streak. Despite the brief correction, demand remained strong, driven by safe-haven asset flows and expectations that the Federal Reserve (Fed) will cut interest rates at its September 16-17 monetary policy meeting. The precious metal's rally to record highs was...
Gold prices are trading on a positive note, After a decline of over 2.70% on Monday, it is trading around $3,250, up 0.42%. A weaker-than-expected US inflation report and a trade truce between China and the US could keep Gold prices capped below $3,300.The US inflation data for April was slightly lower than expected by market participants on a monthly basis. The yearly figures were in line with projections, indicating that the effects of tariffs have not yet been reflected in the "hard data".Until this news was released, the price of gold was at the level of $ 3,247 Source: newsmaker.id
Silver prices jumped nearly 2% to above $33 an ounce on Tuesday, recovering from losses in the previous session as early enthusiasm over a U.S.-China trade deal faded, leading to broader market caution. The rally followed weekend negotiations in Switzerland, where Washington and Beijing agreed to reduce tariffs to 10% and 30% respectively for a 90-day period—marking a significant, if temporary, de-escalation in trade tensions. Source: Newsmaker.id
Gold prices edged higher early in the European session on Tuesday (5/13). Investors are now focused on a key US inflation report, after the precious metal slumped along with other safe-haven assets on Monday following a trade truce between Washington and Beijing. Bullion rose 0.6% to trade above $3,253 an ounce, after a major de-escalation in US-China trade tensions sparked a sharp sell-off. Investors will be watching the US inflation report for April, which could be the first to show tariff-related costs. As of this writing, gold prices were at $3,253 Source: Newsmaker.id -ads
Silver (XAG/USD) prices continued their gains for the fourth straight session during Asian trading hours on Tuesday (5/13). Technical analysis of the daily chart shows a bullish outlook, as the precious metal continues to sell off within an ascending channel pattern. Source: Newsmaker.id
Gold prices edged lower during the early Asian session on Tuesday (5/13). The precious metal held steady on the back of a stronger US Dollar (USD), higher US yields and optimism over a US-China trade deal. Improved risk sentiment following the announcement of an interim deal between the United States (US) and China to reduce tariffs has weighed on safe-haven assets, such as gold prices. The US will cut additional tariffs it imposed on Chinese imports in April this year to 30% from 145%, and China's duties on US imports will be reduced to 10% from 125%. The new measures will be effective for...
The price of gold as a safe haven fell as risk sentiment began to emerge following the announcement of an interim agreement between the United States and China to reduce tariffs. Bullion, which is considered a hedge against economic and geopolitical turmoil, hit a record high of $3,500 last month amid rising tariff uncertainty. Gold's over-response to chaotic headlines from the White House last month left the precious metal vulnerable to a retraction of Trump's statement. As of this news release, the price of gold is at $3,234
Silver is holding up amidst declines in other commodities, Economic dynamics in the US, China and India can also contribute to price changes. For the US and especially China, their large industrial sectors use Silver in various processes. In India, consumer demand for precious metals for jewelry also plays a significant role in determining silver pricesAs of this writing, silver is at $32,592 Source: Newsmaker.id
Silver (XAG/USD) prices continued to decline to trade around $32.20 per troy ounce during European trading hours on Monday (5/12). The precious metal received support from news that Canadian miner Pan American Silver will acquire MAG Silver Corp in a deal that values the company at around $2.1 billion, according to Reuters. 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....