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...
Demand for safe haven assets such as silver has been affected by signs that the White House may be making progress in negotiations with some trading partners.As of this writing, Silver is at $33,301 Source: Newsmaker.id
Demand for safe haven gold has been hit by signs that the White House may be making progress in negotiations with some trading partners. Funds held in gold-backed exchange-traded funds have posted outflows for five straight weeks since peaking at their highest level in more than a year in mid-April, according to Bloomberg calculations. Investors are now weighing the prospect of improved trade relations between the U.S. and the EU. Source: Newsmaker.id
Gold (XAU/USD) prices fell on Monday (5/26) while the US market was closed due to the Memorial Day national holiday. A small correction occurred after United States (US) President Donald Trump issued a statement on Truth Social that he would extend the deadline until July 9 for the European Union (EU) to face 50% tariffs. Source: Newsmaker.id
Gold prices maintained modest intraday losses through the early European session, although there was no follow-through selling and remained close to a two-week high hit on Friday. The renewed optimism fueled by US President Donald Trump's decision to delay the imposition of tariffs on the European Union (EU) prompted profit-taking around the safe-haven commodity, especially after last week's strong rally of nearly 5%. Source: Newsmaker.id
Gold price (XAU/USD) kicks off the new week on a weaker note and erodes a part of Friday's strong gains to over a two-week high, though the downtick lacks bearish conviction. US President Donald Trump's decision to delay the implementation of tariffs on the European Union (EU) adds to the recent optimism and undermines demand for the safe-haven precious metal. However, a combination of factors holds back traders from placing aggressive bearish bets around the commodity. Investors remain on edge in the wake of worries over the worsening US fiscal health and persistent geopolitical risks...