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Silver prices fell after continuing their upward momentum for the fourth straight day, during European trading hours on Monday. However, the white metal's downside potential appears limited due to economic uncertainty over the impact of the global trade war and a weakening Greenback. Source: Newsmaker.id
Gold rose above $2,980 an ounce on Monday (03/17), holding near a record level, amid strong safe-haven demand. Fresh geopolitical risks boosted bullion prices after the U.S. said it would continue its offensive against Yemen's Houthis until they stop attacks on shipping in the Red Sea. In addition, concerns over an escalating trade war, sparked by a tariff exchange between the U.S. and its major trading partners, further strengthened gold's appeal as a safe haven. Source: Newsmaker.id
Silver (XAG/USD) prices fell after extending its upward momentum for the fourth straight day, during European trading hours on Friday (3/14). Silver's gains were limited as the US Dollar (USD) continued to strengthen. A stronger USD makes Silver more expensive for foreign buyers, potentially dampening demand Source: Newsmaker.id
Gold was above $2,995 an ounce on Friday in the trading session. It appears poised to post a strong gain for the second straight week. Meanwhile, Investors remain concerned about the potential economic impact of US President Donald Trump's aggressive trade policies.This, along with speculation that the Federal Reserve (Fed) will cut interest rates several times in 2025, turned out to be the main factors that acted as a driver for the non-yielding yellow metal. Source: Newsmaker.id
Gold hovered above $2,980 an ounce on Friday, a record high and poised for a weekly gain of more than 2%, boosted by risk aversion and rising expectations of a Federal Reserve interest rate cut. In the latest escalation of U.S. President Donald Trump's multi-front trade war, he warned of 200% tariffs on European wine and other spirits after the EU imposed a 50% tax on American whiskey exports. 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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