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 prices rose above $32.50 an ounce on Monday (24/2), recovering some of the previous session's losses as the dollar came under pressure from a worsening economic outlook in the US and a stronger euro. Meanwhile, ongoing trade and geopolitical uncertainties continue to fuel safe-haven demand for the precious metal. Last week, US President Donald Trump's threat to impose tariffs on key sectors, including autos, semiconductors, pharmaceuticals and lumber, kept the market on guard. Source: Newsmaker.id
Gold prices are approaching their highest levels today ahead of the European session. Gold is trading at $2,944 per ounce, and tends to be stable. While Tim Waterer, chief market analyst at KCM Trade said, "Disappointing US macro data at the end of last week has chased the dollar, which has opened the door higher for gold,". "With trade uncertainty not likely to go away anytime soon, gold could still aim for a new record high again this week." As of this writing, gold is at $2,944Source: ads@ Newsmaker.id
Silver (XAG/USD) prices moved higher to around $32.60 during Asian trading hours on Monday (24/2). A weaker US Dollar (USD) provided some support to the USD-denominated commodity prices. Meanwhile, uncertainty and concerns over US President Donald Trump's tariff plans could increase inflows of safe-haven assets, contributing to the rise in silver prices. In addition, the market will focus on the release of the US Personal Consumption Expenditure (PCE) Price Index, the Fed's preferred measure of inflation, on Friday this week. Silver prices when this news was released were at...
Gold Holds Near Record High as Weak U.S. Data Sparks Higher Valuable Asset Buying Gold is trading slightly below last week's record high as unexpectedly weak economic data and rising inflation expectations helped boost demand for higher valuable assets. Gold is trading at $2,937 an ounce, after posting its eighth weekly gain, its longest winning streak since 2020. The rally was supported by a sharp increase in demand for bullion-backed exchange-traded funds, with holdings last week jumping the most since 2022. As of this writing, gold is at $2,937 Source: Newsmaker.id
Silver (XAG/USD) prices faced pressure during North American trading hours on Friday (21/2). The white metal fell as the US Dollar (USD) strengthened, with Federal Reserve (Fed) officials continuing to direct a tight monetary policy stance. The US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, rose near 106.75. Source: Newsmaker.id
Gold bullion fell slightly on Friday (21/2) but is still up more than 1% for the week, with trading marked by a sharp increase in holdings in bullion-backed exchange-traded funds. An eighth weekly gain would be the longest winning streak since 2020. Source: Newsmaker.id
Silver prices climbed toward $33 per ounce on Friday, hovering close to four-month highs as trade and geopolitical uncertainties drove demand for safe-haven metals. Earlier this week, US President Donald Trump announced plans to impose tariffs on imports of automobiles, semiconductors, and pharmaceuticals, while subsequently adding lumber and forest products, reigniting fears of a broader global trade war. Market anxiety also deepened following Trump's remarks calling Ukrainian President Volodymyr Zelenskiy a dictator amid ongoing peace talks with Russia to end the war in...
Gold prices fell on Friday (21/2) but were headed for an eighth straight weekly gain after hitting two consecutive record highs, as safe-haven demand remained strong amid concerns over U.S. President Donald Trump's tariff plans. Spot gold fell 0.4% to $2,926.54 an ounce by 0945 GMT. Bullion is up about 1.5% this week after rising to a record $2,954.69 on Thursday. U.S. gold futures fell 0.5% to $2,940.90. 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....