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...
Silver prices were steady around $30 an ounce on Wednesday (1/29), extending losses from the previous session as the dollar bounced back amid escalating tariff threats from U.S. President Donald Trump. Trump unveiled plans to impose tariffs on imported chips, pharmaceuticals, steel, aluminum and copper in a bid to boost domestic production. Traders also remained cautious ahead of a Feb. 1 deadline for the first round of tariffs targeting China, Mexico and Canada, as previously announced by the president. Meanwhile, investors are preparing for this week's U.S. Federal Reserve policy...
Gold held on to gains ahead of the Federal Reserve's interest rate decision later Wednesday, with traders also weighing President Donald Trump's latest tariff threats. Bullion traded near $2,765 an ounce — less than $30 off an all-time high — as investors turned their attention to the U.S. central bank's first meeting of 2025. Policymakers are widely expected to keep interest rates steady this week, though Fed Chair Jerome Powell is expected to give a press conference that could provide clues about the outlook for the next meeting in March. Lower interest rates tend to benefit gold, as it...
Silver prices (XAG/USD) fell on Tuesday (1/28). The non-interest-bearing metal faces challenges with the upcoming US Federal Reserve (Fed) policy decision this week. There is widespread anticipation that the Fed will maintain its current interest rates, marking the first pause in its rate-cutting cycle. Uncertainty surrounding US President Donald Trump's trade and immigration policies could prompt the Federal Reserve to remain cautious in cutting rates this year. Trump's policies are considered inflationary, which may cause the central bank to keep interest rates higher for a longer period,...
Gold traded steady after Trump said he had imposed tariffs on steel, aluminum and copper imports, without providing details on the size.The Financial Times reported that Treasury Secretary Scott Bessent is pushing for a universal tariff on U.S. imports to start at 2.5% and rise gradually, citing unnamed sources.Source: Newsmaker.id
Silver prices hovered around $30.50 an ounce, trading in a narrow range since hitting a one-month high of $30.80 on Jan. 22 as support from speculation of looser monetary policy by the U.S. Fed weighed on waning demand for silver among industrials. The Fed is set to keep interest rates unchanged this week, but investors are hoping that Chairman Powell will refrain from making overly aggressive guidance after the latest CPI data showed weakness in underlying inflation. Source: Newsmaker.id
Gold prices held steady on Tuesday (1/28) as traders weighed President Donald Trump's latest tariff threats, while clouds hung over the stock market due to a decline in global technology stocks. Bullion was trading near $2,742 an ounce after Trump said he would impose tariffs on steel, aluminum and copper imports, without providing details on the amount. Source: Newsmaker.id
Gold prices are down more than 1% from near-record highs as investors liquidate bullion positions, following a broader market selloff fueled by growing interest in Chinese AI startup DeepSeek.The sharp decline in global equity markets has prompted a risk-off move across other asset classes, with U.S. Treasury yields falling to a three-week low and the dollar index hitting its lowest since Dec. 18.As of this writing, gold is at $2,740 Source: Newsmaker.id
Silver prices (XAG/USD) halted their gains on Monday (1/27). The metal faces challenges with the upcoming US Federal Reserve (Fed) policy decision this week. There is widespread anticipation that the Fed will maintain its current interest rates, marking the first pause in its rate-cutting cycle. Uncertainty surrounding US President Donald Trump's trade and immigration policies could prompt the Federal Reserve to remain cautious in cutting rates this year. Trump's policies are considered inflationary, which may cause the central bank to keep interest rates higher for a longer period,...
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....