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 attracted some sellers following an intraday rally that re-approached all-time highs and traded in neutral territory heading into the European session on Tuesday (February 4).However, the decline remained muted amid concerns about the potential economic impact of US President Donald Trump's trade tariffs, which may continue to support safe-haven bullion.In addition, expectations that Trump's protectionist policies will lead to higher US inflation could further benefit the precious metal's status as a hedge against rising prices.Meanwhile, Trump's decision to temporarily suspend tariffs...
Silver edged up in early Asian trade to $31.5 an ounce on Tuesday, near its highest since early December as trade war fears eased along with optimism over stronger demand for manufacturing inputs. US President Trump imposed immediate tariffs of 10% on China and 25% on Canada and Mexico, before delaying action on Mexico and easing concerns about how far the administration would go with protectionism. Source: Newsmaker.id
After hitting a new record high on Friday, the precious metal still has room to rise as the trade war boosts safe haven demand. Concerns about the impact of Trump's policies on the global economy have investors seeking valuable assets such as gold and the Japanese yen. This is what drove gold prices to touch $2,830 on Monday (3/2) At the time of writing, gold was at $2,815 Source: Newsmaker.id
Silver (XAG/USD) Prices were steady in early European trading on Monday (3/2). Fears of a global trade war have been growing following US President Donald Trump's massive tariff measures. The Silver Institute recently forecast a significant market deficit for the metal for the fifth consecutive year by 2025, driven by strong industrial demand and retail investment. These factors are expected to outweigh weaker consumption in silver jewelry and silverware. Source: Newsmaker.id
Gold (XAU/USD) prices steadied from most of their intraday losses and climbed back closer to the $2,800 mark in Europe on Monday (3/2). Bullion traded just below $2,790 an ounce, with the dollar surging beyond haven demand as the world braces for a trade war after President Donald Trump imposed tariffs on Canada, Mexico and China. Source: Newsmaker.id
Silver prices fell at the start of the Asian trading session on (03/2)This was driven by President Donald Trump imposing import tariffs from Canada, Mexico, and China, with the dollar soaring beyond demand for safe assets as the world prepares for a trade war. At the time of writing, Silver Prices were at $30,907 Source: \n This email address is being protected from spambots. You need JavaScript enabled to view it.
Gold (XAU/USD) prices moved lower to around $2,795 during the early Asian session on Monday (03/02). The yellow metal faced pressure from a stronger Greenback after US President Donald Trump imposed tariffs over the weekend. On Saturday, Canada was informed that the United States would impose 25% tariffs on Canada and Mexico while China would be slapped with 10% tariffs. Canadian energy will be subject to a 10% tariff, according to CTV. The tariffs will go into effect on Tuesday. Canada, Mexico, and China have vowed to respond to the new broad tariffs on their exports to the US...
Silver prices (XAG/USD) recovered most of their losses in the European session on Friday (1/31). The white metal bounced back strongly as its outlook remains strong amid concerns that US President Donald Trump will impose 25% tariffs on Canada and Mexico. Donald Trump has also threatened to impose 100% tariffs on BRICS in an attempt to create a new currency to reduce their dependence on the US Dollar. 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....