Silver prices held above $38.50 per ounce on Thursday (August 14th), hovering near a three-week high as expectations of a deeper Federal Reserve interest rate cut this year buoyed the market. Weaker US inflation data suggested that President Donald Trump's tariffs were not adding to price pressures, while signs of a weakening labor market reinforced the dovish outlook. The market is almost fully pricing in a September rate cut, with some anticipating a larger 50 basis point cut. Additionally, Treasury Secretary Scott Bessent called for multiple rate cuts and said the Fed could begin...
Gold prices rose on Wednesday as uncertainty surrounding the finalization of a US-China trade deal weighed on sentiment and prompted some safe-haven buying, with investors awaiting key US inflation data for further market direction. Spot gold was up 0.5% at $3,337.99 an ounce, as of 0544 GMT. US gold futures were up 0.5% at $3,359.20. US and Chinese officials said on Tuesday they had agreed on a framework to get their trade truce back on track and remove restrictions on China's rare earth exports, after two days of negotiations in London, with both sides planning to seek approval from...
Gold prices edged higher on Tuesday (6/10) as investors awaited further clarity on US-China trade talks and awaited key US inflation data due later this week that could provide insight into the Federal Reserve's future interest rate decisions. Top officials from the world's two largest economies sought to defuse a bitter dispute that has spilled over from tariffs to restrictions on rare earths, with trade talks stretching into a second day in London. Source: Newsmaker.id -alg
Gold prices were stable in the European session on Tuesday (10/6), supported by market players awaiting developments from the second day of US-China trade talks in London, while a stronger dollar limited potential gains. US President Donald Trump said his administration was "successful" in the negotiations. Last month, the two sides agreed to temporarily suspend tariffs on each other, which provided some relief to financial markets. Source: Newsmaker.id -ayu
Silver prices fell, but remained above $36.00 per troy ounce during the Asian session on Tuesday. Precious metals prices, including silver, were pressured by a stronger US dollar, weaker demand amid growing hopes for an easing of tensions between the United States (US) and China, which continued their talks for a second day on Tuesday. The US indicated that it would ease certain restrictions on technology exports, in return for assurances that China would ease restrictions on rare earth shipments. According to US and Chinese officials are expected to meet again for a second day on...
Gold prices rose on Monday (09/06), supported by a weaker U.S. dollar ahead of U.S.-China trade talks aimed at easing tensions, while platinum extended gains for a sixth straight session to hit a four-year peak. Source: Newsmaker.id