Gold's surge in recent days, to a new record high, is mostly likely due to haven demand, according to Commonwealth Bank of Australia analyst Vivek Dhar. "This is likely tied to concerns over the Fed's independence and the legality of U.S. tariffs," Dhar says in a note. Demand for the precious metal as a haven for investors is "notoriously difficult to predict in respect to timing, duration and price impact," he says. Still, CBA's forecast for gold to average $3,500/oz in 4Q is already looking too low, says Dhar. A price around $3,650/oz instead next quarter is "now a real possibility," he...
Silver fell nearly 1% in a possible technical correction after surging more than 3% in the previous session to a three-week high. The white metal continues to diverge from gold, reflecting its hybrid nature as a precious metal and an industrial metal that makes it more sensitive to shifts in macroeconomic sentiment and trade developments. Recent market movements have been shaped by evolving US-China trade signals.As of this writing, Silver is trading at $33,390 Source: Newsmaker.id
Gold is headed for a weekly gain after volatile trading, with investors assessing trade tensions and the possibility of a U.S. interest rate cut. Bullion was steady near $3,360 an ounce, about 1% higher this week, after hitting a record high on Tuesday before a sharp two-day decline. U.S. President Donald Trump vowed that his administration was talking to China about trade, although Beijing has denied that negotiations are underway. Source: Newsmaker.id
Silver (XAG/USD) prices fell during North American trading hours on Thursday (4/24) from a nearly three-week high of $33.70 set earlier in the day. The white metal corrected as investors began to hope for a significant de-escalation in the trade war between the United States (US) and China. Investors' confidence in the normalization of trade relations between the world's two largest superpowers increased after US President Donald Trump assured that a deal would be made with Beijing. In addition, US Treasury Secretary Scott Bessent has hinted that the two countries could roll back additional...
Gold rose on Thursday (4/24) after its sharpest one-day loss this year as market participants weighed the impact of U.S. President Donald Trump's trade war on the future direction of interest rates. In an interview Thursday with Bloomberg Television, Federal Reserve Chairman Christopher Waller said companies may start laying off some workers if aggressive tariffs are reimposed, and he would support a rate cut in that scenario to protect the job market. Source: Newsmaker.id
Silver fell nearly 1% to around $33.3 an ounce on Thursday in a possible technical correction after surging more than 3% in the previous session to a three-week high. The white metal continues to diverge from gold, reflecting its hybrid nature as a precious metal and an industrial metal—making it more sensitive to shifts in macroeconomic sentiment and trade developments. Recent market movements have been shaped by evolving US-China trade signals. Source: Newsmaker.id
Gold strengthened after its sharpest one-day drop this year as traders analyzed mixed signals from the U.S. on China tariff plans. Bullion rose above $3,330 an ounce, after suffering its biggest one-day drop since November in the previous session. Among the latest signals from Washington, Treasury Secretary Scott Bessent cast doubt on a timely resolution of the U.S.-China trade war. That followed more conciliatory remarks from President Donald Trump. Source: Newsmaker.id
Silver fell for a second day, as lingering uncertainty over the U.S.-China trade war kept demand for the second safe-haven asset low. Treasury Secretary Scott Bessent said Wednesday that high tariffs between the U.S. and China need to be reduced before trade talks can resume, though he stressed that President Trump would not unilaterally cut tariffs on Chinese goods.As of this writing, silver is still at $33,295 Source: Newsmaker.id
Gold Up on Thursday (4/24) Gold rose after its sharpest decline in five months, driven by President Donald Trump's more assertive comments on trade wars and the Federal Reserve. Trump's comments sparked risk-on sentiment on Wall Street, which spilled over into a wave of gold selling on Wednesday. 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....