Gold edges lower in the early Asian trade, after hitting a record high on Tuesday. There has been growing unease among investors about U.S. monetary policy, ANZ Research analysts write in a note. The Trump administration is looking to remake the Fed's board of governors with candidates more amenable to the President's policies, they say. Investors await the U.S. nonfarm payrolls data for August due Friday, which would shape the Fed's rate path trajectory. Weak data could benefit non-yielding assets, including precious metals, says Frank Walbaum, a market analyst at Naga, in a note. Spot...
Silver (XAG/USD) prices fell on Tuesday (25/2). The white metal weakened despite US President Donald Trump confirming that his plan to impose 25% tariffs on Canada and Mexico on March 4, which was delayed for a month, is still on track. Source: Newsmaker.id
Gold prices fell on Tuesday (25/2) as investors booked profits after hitting a record high in the previous session, with lingering concerns about a trade war and instability fueled by U.S. President Donald Trump's tariff plans still triggering inflows into safe-haven assets. Source: Newsmaker.id
Silver prices fell to $32.2 an ounce, extending their decline from a more than three-month high of $33.39 reached on Feb. 14, amid continued demand uncertainty, fueled by concerns about U.S. tariff policy Investors are also awaiting key economic data and events due later in the week. Markets are particularly focused on Friday's release of the January PCE Price Index, the Federal Reserve's preferred measure of inflation. Source: Newsmaker.id
Gold moved in a positive direction in early European trading, on Tuesday (25/2) after experiencing profit taking action to touch the lowest area of $2929. The recent uptrend in precious metals coincides with negative signs over the long-term conditions of the economy and labor market in the US. This source of uncertainty has added to the prevailing uncertainty globally such as concerns over the trade conflict between the US and the rest of the world. This is still a major factor for the increase in the price of Gold Until this news was released, the price of Gold was at the level of...
Silver (XAG/USD) builds on the previous day's modest bounce from the vicinity of the $32.00 mark, or a nearly one-week low, and gains some positive traction during the Asian session on Tuesday. The white metal, for now, seems to have snapped a two-day losing streak. Meanwhile, investors will shift focus towards Friday's PCE report, the Fed's preferred inflation gauge. While the data is expected to show the slowest price growth since June, persistent inflationary pressures could keep the Fed cautious on rate cuts. Gold price at the time of this press release was at $32,304/ Toz. Source:...
Gold is consolidating in early Asian trade, but potential profit-taking action may weigh after front-month gold futures closed at a new record high overnight.The recent uptrend in the precious metal has coincided with negative signs about the future of economic activity and the labor market in the US.This source of uncertainty has added to the prevailing global uncertainty such as concerns over trade conflicts between the US and the rest of the world. As of this news release, Gold Price is at $2,948 Source: Newsmaker.id
Silver prices reversed early gains and extended their decline from a more than three-month high, amid continued uncertainty over demand, fueled by concerns about U.S. tariff policy. Investors are also awaiting key economic data and events due later in the week. Markets are particularly focused on Friday's release of the January PCE Price Index, the Federal Reserve's preferred measure of inflation. Source: Newsmaker.id
Gold bullion prices rose on Monday (2/24), surpassing the previous peak set on Thursday, before paring gains. Prices have risen for the past eight weeks, the longest streak since 2020. Gold-backed ETFs saw their biggest net inflows since 2022 last week. Growing concerns over disruptive trade and President Trump's geopolitical agenda have boosted demand for gold as a safe-haven asset. 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....