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 recovered from intraday losses and turned flat on Wednesday (2/19). The white metal bounced back as its appeal as a safe-haven asset remained strong amid concerns about a global economic slowdown from potential tariffs by United States (US) President Donald Trump. President Trump has threatened to impose 25% tariffs on cars, pharmaceuticals, and semiconductors and that the tariffs could increase substantially next year. Trump added that some tariffs could be imposed in April, the same time frame in which he had planned to unveil a reciprocal tariff plan as...
Gold prices rose to a record high on Wednesday (2/19) on safe-haven demand following US President Donald Trump's latest tariff threats, while investors await the minutes of the Federal Reserve's January policy meeting later in the day. It also follows Trump's recent move to impose a 10% tariff on Chinese imports and a 25% tariff on steel and aluminum earlier this month. Source: Newsmaker.id
Silver prices held above $32.5 an ounce on Wednesday after rising more than 2% over the past two sessions, as global trade uncertainty continued to boost demand for the precious metal as a safe-haven asset. US President Donald Trump said on Tuesday he plans to impose auto tariffs "in the region of 25%" and similar duties on semiconductor and pharmaceutical imports, raising concerns about a broader trade war. Meanwhile, investors are keeping an eye on US-led efforts to resolve the war in Ukraine, which could dampen demand for safe-haven assets such as silver. Silver hit a three-month high...
Gold prices (XAU/USD) recorded a new ATH level again on Wednesday (2/19) in the European trading session. This increase occurred after the tough statement of the President of the United States (US) Donald Trump regarding Ukraine last night, just a few hours after the first talks between US and Russian officials raised concerns among market players whether a peace agreement would be realized. Meanwhile, President Trump reiterated that a 25% tariff on car imports will be implemented soon, which also applies to pharmaceutical and semiconductor imports. Meanwhile, the Federal Reserve (Fed)...
Gold (XAU/USD) attracted some sellers during the Asian session on Wednesday and gave up some of the previous day's strong move back to near record highs. The decline could be attributed to some profit-taking amid a generally positive risk tone, which tends to dampen demand for safe-haven bullion. However, uncertainty surrounding US President Donald Trump's tariff plans might continue to act as a tailwind for the precious metal.As of this writing, Gold prices are at $2,932 Source: Newsmaker.id
Silver (XAG/USD) prices surged strongly in the US session on Tuesday (2/18). The white metal recovered its intraday losses and turned positive despite many obstacles, such as strong expectations for the Federal Reserve's (Fed) 'higher for longer' interest rate stance, increasing optimism over Russia-Ukraine peace, and easing concerns from US President Donald Trump about tariffs. Source: Newsmaker.id
Gold prices rose on Tuesday (2/18) as concerns about economic growth due to uncertainty surrounding U.S. President Donald Trump's tariff plans drove safe-haven flows into bullion. Since taking office last month, Trump has rapidly changed the global trade war with a series of tariffs, while plans are already underway for a comprehensive reciprocal tariff, aimed directly at any country that taxes U.S. goods. Source: Newsmaker.id
Silver reversed an Asian session decline to the $32.00 range and climbed to the upper end of its intraday trading range in the last hour. The white metal is currently trading around the $32.35-$32.40 region, virtually unchanged throughout the day, although still well below its highest level since late October reached last Friday. Looking at the broader picture, XAG/USD – barring a couple of knee-jerk spikes – has been oscillating in a familiar range for the past two weeks or so. Against the backdrop of a strong uptrend this year, this may still be categorized as a bullish consolidation...
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....