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 rose again in the Asian session on Monday in response to US President Donald Trump's plan to impose a new 25% tariff on all steel and aluminum imports into the US. The announcement sparked concerns about a global trade war and benefited the precious metal, which is a safe haven. In addition, expectations that Trump's protectionist policies will rekindle inflation turned out to be another factor supporting the commodity's status as a hedge against rising prices. Source: Newsmaker.id
Gold is still in positive territory due to the influence of the trade war. While Trump will announce reciprocal tariffs on many countries next week.The People's Bank of China has increased its gold reserves for the third month in January.The precious metal moved up as rising trade tensions prompted investors to seek protection in safe haven assets.As of this news release, the price of gold is at $2,870. Source: Newsmaker.id
Silver held steady to post its fifth straight weekly gain. The precious metal was supported by a weaker dollar, as concerns over escalating global trade tensions eased.Both the US and China have taken a more cautious stance on tariffs, with US President Donald Trump and Chinese President Xi Jinping set to discuss trade developments, potentially reversing some of the existing restrictions. Silver is also benefiting from expectations that the US Federal Reserve will continue to cut interest rates this year, with markets pricing in two quarter-point cuts.As of this writing, silver is at...
Silver held steady above $32.20 an ounce on Friday, on track to post a fifth straight weekly gain. The precious metal was supported by a weaker dollar, as concerns over escalating global trade tensions eased. Silver also benefited from expectations that the U.S. Federal Reserve will continue to cut interest rates this year, with markets pricing in two quarter-point cuts. Source: Newsmaker
Gold rose on Friday (2/7) and was on track for a sixth straight weekly gain on trade-war-fueled safe-haven demand, while attention turned to the upcoming U.S. nonfarm payrolls report for cues on the Federal Reserve's interest rate path. Spot gold prices rose 0.4% The new administration appears committed to using tariffs, which cast a dark shadow over the outlook for global economic growth, further boosting gold's safe-haven appeal, said Ricardo Evangelista, senior analyst at ActivTrades. Source: Newsmaker.id
Silver held above $32 an ounce on Friday, holding near a three-month high hit in the previous session, as the dollar weakened and concerns eased about a global trade war that could fuel inflation.Markets await key US jobs data The US-China trade war and concerns that President Donald Trump will follow through on threats to impose tariffs on other countries, as well as his unconventional geopolitical position, support gold's role as a store of value in uncertain times. Source: ads@ Newsmaker>
Gold drops amid rising US Treasury yields and a stronger US Dollar.US equity downturn and job market worries heighten market jitters ahead of Nonfarm Payrolls.Fed's Goolsbee suggests cautious monetary policy, impacting gold amidst global trade tensions.Gold price advance stalled on Thursday as United States (US) Treasury bond yields recovered, and the Greenback holds minimal gains. Traders seem to be booking profits ahead of the release of the latest US Nonfarm Payrolls report, which could spark volatility in the financial markets. XAU/USD traded at $2,852, down 0.38%. With no clear...
Silver held above $32 an ounce on Thursday (2/6), holding near a three-month high hit in the previous session, as the dollar weakened sharply as concerns eased about a global trade war that could fuel inflation. The US and China have taken a cautious approach to tariffs, with US President Donald Trump and Chinese President Xi Jinping set to discuss trade developments and possibly reach a deal to roll back some existing tariffs. 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....