Gold (XAU/USD) prices pared some of their intraday losses, although they remained pressured below the $3,400 level and above the two-week high reached last Friday. Amid optimistic market sentiment, the moderate strengthening of the US dollar (USD) prompted profit-taking around the commodity after its recent gains over the past week or so. However, a combination of factors helped limit the decline in the precious metal. Source: Newsmaker.id
Gold prices fell on Friday (August 8th). Traders digested the latest tariff headlines as the precious metal headed for its second consecutive weekly gain. However, the decline in gold prices appears to be temporary. The latest gold price decline was largely driven by profit-taking as traders capitalized on the surge in gold futures prices to new record highs. Source: Newsmaker.id(alg)
Silver prices continue to strengthen, reaching their highest level since 2011. This surge is driven by strong industrial demand, particularly from the renewable energy, electric vehicle, and technology sectors, while global supply remains constrained. Silver is also considered undervalued compared to gold, making it attractive to investors seeking alternative assets. Technically, long-term patterns such as the cup-and-handle indicate the potential for a major breakout. Coupled with a five-year supply deficit, analysts predict a 15–20% price increase over the next 1–2 years. At the time of...
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 the US Federal Reserve (The Fed) will continue its interest rate cut cycle in September proved to be another factor driving capital flows toward the non-yielding yellow metal and contributing to the positive movement. Meanwhile, dovish Fed expectations pushed the US Dollar (USD) to a nearly two-week low in the last hour, providing additional support for gold prices. Source: Newsmaker.id
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 additional tariffs on China and Japan. Risk-off sentiment drove investors into safe-haven assets like silver. Expectations for a Fed interest rate cut were also a key driver. Weak US employment data strengthened the chances of policy easing, supporting precious metal prices. The market now awaits jobless claims data for short-term direction. At the time of writing, silver was up 0.68% at...