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Silver prices traded with a negative bias for the third straight day, despite lacking any bearish conviction during the Asian session on Wednesday. Global equity markets continued to rise amid signs of easing US-China trade tensions and US President Donald Trump's decision to grant tariff flexibility to US automakers. This, along with a modest US Dollar (USD) gain, was seen as key factors undermining demand for silver as a hedge optionAs of this writing, silver prices were trading at $32,859 Source: Newsmaker.id
Gold continued its decline at the open market, at the beginning of the Asian session the price of gold moved in the range of $3315 - $3322. This was accompanied by signals of easing US-China trade tensions which reduced some of the demand for safe havens, while investors await key economic data this week to gauge the outlook for Federal Reserve policy. Source: Newsmaker.id -ads
Silver prices held steady on Tuesday (4/29), after a recent decline as investors awaited clarity on U.S.-China trade relations and key U.S. economic releases. China reiterated that it is not engaged in trade talks with the U.S., refuting claims made by President Donald Trump. Meanwhile, U.S. Treasury Secretary Scott Bessent said several major trading partners have made "very good" tariff proposals, and a trade deal with India could be announced soon. Bessent also noted that China's move to exempt certain U.S. goods from retaliatory tariffs signaled a desire to ease tensions. Source:...
Gold fell nearly 1% on Tuesday as signs of easing U.S.-China trade tensions eased some safe-haven demand, while investors awaited key economic data this week to gauge the outlook for Federal Reserve policy. The easing trade tensions have prompted a sell-off in gold as a hedge against rising global volatility, which rallied in an unprecedented manner to hit a record high of $3,500.05/oz last week. Source: Newsmaker.id
Silver prices held around $33 an ounce on Tuesday, steadying after a recent decline as investors awaited clarity on US-China trade relations and key US economic releases. China reiterated that it is not engaged in trade talks with the US, refuting claims made by President Donald Trump. Meanwhile, US Treasury Secretary Scott Bessent said several major trading partners have made "very good" tariff proposals, and a trade deal with India could be announced soon. 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.
In...