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 decision, where it is widely expected to keep interest rates unchanged.
Source: Newsmaker.id
Gold prices (XAU/USD) rose to a weekly high early in the European session on Thursday as renewed trade concerns boosted demand for traditional safe-haven assets. Furthermore, growing acceptance that ...
Silver prices rose to $38.05 on Thursday (August 7), marking a fifth consecutive day of gains. This increase was supported by a weakening US dollar and market concerns over President Trump's planned a...
Gold strengthened on Thursday (August 7), driven by renewed safe-haven demand after US President Donald Trump imposed an additional 25% tariff on Indian imports, escalating trade tensions. Adding sup...
Gold prices weakened slightly on Wednesday (August 6th), consolidating after four days of gains, as investors digested weak US economic data and the possibility of President Donald Trump appointing ne...
Silver prices stabilized on Wednesday (August 6th) as expectations of a Fed interest rate cut increased following the release of weaker-than-expected US employment data. Besides its role as a precious...
Oil prices edged higher Thursday, benefiting from signs of healthy U.S.demand, while traders assessed the potential impact on supply from U.S. tariffs as well as Ukraine peace talks. At 08:30 ET (12:30 GMT), Brent oil futures for October rose 0.5%...
Initial jobless claims in the US rose by 7,000 from the previous week to 226,000 in the last week of July, firmly above market expectations of a softer increase to 221,000. In turn, outstanding jobless claims soared by 38,000 to 1,974,000 on the...
Gold pared gains as markets weighed prospects for a truce in Ukraine after the Kremlin confirmed Presidents Vladimir Putin and Donald Trump would hold talks in the next few days. Bullion traded near $3,373 an ounce after earlier...
European stocks continued their gains for a second consecutive session on Tuesday (June 5), with the STOXX 50 and STOXX 600 rising 0.4%. Investors...
The European Union will suspend its two packages of countermeasures to U.S. tariffs for six months following a deal with U.S. President Donald...
European shares closed higher on Tuesday, buoyed by better-than-expected corporate earnings and renewed optimism that the Federal Reserve may cut...
Wall Street's main indexes bounced back on Monday after a sharp pullback in the previous session, buoyed by growing expectations of deeper Federal...