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Silver remains under heavy selling pressure for the third straight day on Thursday.Silver (XAG/USD) is trading lower for the third straight day, marking the fourth day of negative movement in the previous five, and dropped to a more than two-week low during the Asian session on Thursday. However, the white metal is showing some resilience at the bottom even though the technical setup supports prospects for an extension of the one-week-old downtrend.As of this writing, Silver is trading at $31,993 Source: Newsmaker.id
Gold prices were trading at $3247 early in the Asian session on Thursday (1/5) this was accompanied by news that the Trump administration was close to announcing the first phase of a deal that would reduce planned tariffs on several countries also easing some concerns about the global trade outlook. The easing of the US-China tariff war has caused the price of Gold to be at a normal level. Source: Newsmaker.id
Silver prices pared earlier losses to trade near $32.60 an ounce on Wednesday, as a weaker-than-expected U.S. GDP report for Q1 2025 fueled fears of a fresh recession amid ongoing trade tensions. The U.S. economy shrank by 0.3% in the first quarter, missing expectations for growth of 0.3%, largely due to a more than 40% surge in imports, as businesses and consumers stocked up on goods ahead of anticipated tariff hikes from the Trump administration. Source: Newsmaker.id
Gold prices pared some losses on Wednesday (4/30) as speculation that the US Federal Reserve will cut interest rates increased after US growth in the first quarter was weaker than expected. Bullion had fallen more than 1% earlier in the session, but was on track to post a fourth straight monthly gain, rising 6% so far in April. Source: Newsmaker.id
Gold fell slightly for a second day as President Donald Trump eased the impact of some auto tariffs and signaled progress in trade negotiations with several countries. Bullion traded near $3,305 an ounce, following a 0.8% decline in the previous session as risk sentiment returned to the broader market. Source: Newsmaker.id
U.S. President Donald Trump announced Monday evening on Truth Social that Israel and Iran have agreed to a "Complete and Total CEASEFIRE" following what he referred to as "THE 12 DAY...
Gold moved above $2600 on Monday during the Asian trading session. Currently, Gold is still struggling to capitalize on last week's modest recovery from a one-month low and is fluctuating.
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