Silver extended losses on Friday, weighed down by demand uncertainty, strong supply and a strong dollar. Investors also weighed the latest PCE report, which showed U.S. PCE prices rose 0.3% month-on-month and 2.5% year-on-year, while consumer spending unexpectedly fell 0.2% and income jumped 0.9%.
Adding to market concerns, President Donald Trump confirmed that his proposed 25% tariffs on Mexican and Canadian goods will go into effect on March 4, along with an additional 10% duty on Chinese imports.
Source: Newsmaker.id
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