Silver prices strengthened on Wednesday (August 13th) amid positive sentiment in the precious metals market. This strengthening was driven by a weakening US dollar following the release of weaker-than-expected US economic data, fueling speculation that the Federal Reserve could soon cut interest rates. Silver demand was also supported by a solid industrial outlook, particularly in the renewable energy and manufacturing sectors, strengthening its appeal as both a safe haven asset and an industrial commodity. Source: Newsmaker.id(alg)
Gold edged higher, with safe-haven demand from rising risks of a wider war in the Middle East offset by weak U.S. economic data that raised the prospect of a rate cut. While rising tensions boosted bullion's appeal as a store of value amid geopolitical turbulence, traders also factored in a series of lukewarm U.S. reports on retail sales, housing and industrial production that strengthened the case for a Federal Reserve rate cut this year. However, the Middle East conflict has fueled a spike in crude prices that could stoke inflation, making aggressive Fed monetary easing less likely. A...
Silver prices fell on Tuesday (6/17)As an industrial metal, silver is highly dependent on sectors such as electronics, automotive, and renewable energy. Fears of a recession, rising tariffs, and declining manufacturing activity from China et al. have suppressed demand, so that silver prices are more affected than gold. After the early 2025 rally, many traders are locking in profits (profit-taking). This price correction is also driven by technical conditions: resistance at the US$36-37 level and support around US$33-34 Source: Newsmaker.id
Gold rose in early Asian trade on Tuesday (06/17) after U.S. President Donald Trump called for the immediate evacuation of Tehran, boosting demand for the precious metal as investors monitor hostilities between Israel and Iran. Trump issued the call to evacuate the Iranian capital in a social media post hours after he urged Iranian leaders to sign a deal to curb its nuclear program. Source: Newsmaker.id
Gold (XAU/USD) prices extended its steady intraday decline from near two-month tops and eased to the $3,400 range during the early European session on Monday. A generally positive sentiment around equity markets was seen as a key factor undermining the safe-haven bullion, which now seems to have snapped three consecutive days of winning streak. Source: Newsmaker.id
Silver prices fell on Monday (6/16) as investors locked in profits following a sharp rally that pushed the metal to a 13-year high. Despite the decline, silver remains supported by resilient industrial demand. Persistent supply shortages, and its appeal as a safe haven amid ongoing economic uncertainty. Fundamentally, the metal's critical role in solar energy, electronics, and broader electrification efforts accounts for more than half of global demand. Source: Newsmaker.id