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Silver held steady on Tuesday (2/11), recovering some of the previous session's losses as US President Donald Trump's tariff warnings fueled safe-haven demand for the metal. Trump announced a 25% blanket tariff on all steel and aluminum imports, effective today, with additional tariffs to be announced on Tuesday or Wednesday. The precious metal was supported by a weaker dollar, as concerns over escalating global trade tensions eased Source: Newsmaker.id
Gold extended its record high on Tuesday (2/11) and broke through the key $2,900 level for the first time, boosted by safe-haven demand as U.S. President Donald Trump's new tariff threats heightened fears of a trade war and inflation. Trump announced plans on Sunday to impose an additional 25% tariff on all steel and aluminum imports. He also said he would announce reciprocal tariffs this week, matching those imposed by other countries and implementing them immediately.' Source: Newsmaker.id
Silver prices rose again on Monday, recovering some of the previous session's losses as U.S. President Donald Trump's tariff warnings boosted safe-haven demand for the metal. Trump announced a 25% blanket tariff on all steel and aluminum imports, effective today, with additional tariffs to be announced on Tuesday or Wednesday. The announcement coincided with China's retaliatory tariffs on certain U.S. exports, which are set to take effect today. Meanwhile, German Chancellor Olaf Scholz said the EU was ready to respond "within an hour" if the U.S. imposes tariffs on European goods. Silver...
Gold prices rose again in the Asian session on Monday in response to US President Donald Trump's plan to impose a new 25% tariff on all steel and aluminum imports into the US. The announcement sparked concerns about a global trade war and benefited the precious metal, which is a safe haven. In addition, expectations that Trump's protectionist policies will rekindle inflation turned out to be another factor supporting the commodity's status as a hedge against rising prices. Source: Newsmaker.id
Gold is still in positive territory due to the influence of the trade war. While Trump will announce reciprocal tariffs on many countries next week.The People's Bank of China has increased its gold reserves for the third month in January.The precious metal moved up as rising trade tensions prompted investors to seek protection in safe haven assets.As of this news release, the price of gold is at $2,870. 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...