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...
Silver (XAG/USD) reversed sharply on Thursday (5/22). The decline in the white metal occurred ahead of the release of the US Purchasing Managers' Index (PMI), which showed that the decline was mainly technical in nature and was driven by the initial stabilization of the US Dollar and profit-taking after a sharp rise on Wednesday. Source: Newsmaker.id
Gold prices fell on Thursday (5/22) as a stronger US dollar weighed on the bullion as US Treasury yields fell from intraday highs as the US House of Representatives approved Trump's budget, which will now be sent to the Senate for approval. Market sentiment improved slightly but remained fragile as it was sponsored by a Moody's downgrade of the US government's debt rating. The fiscal package so far approved by the US lower house is projected to add $4 trillion to the debt ceiling. Newsmaker.id
Gold (XAU/USD) prices eased from near two-week highs around $3,345-$3,346 region touched on Thursday, and traded with a mild positive bias during the early European session. A modest US Dollar (USD) uptick was seen as a key factor behind the commodity's intraday decline, though a meaningful pullback seems elusive. Growing acceptance that the Federal Reserve (Fed) will lower borrowing costs further by 2025 and concerns about rising US deficits should keep a lid on the USD, which should act as a tailwind for the non-yielding yellow metal. Source: Newsmaker.id
Silver Prices Gain After Investors Remain Wary Following Moody's Downgrade of US Sovereign Credit Rating and Growing Concerns About US Deficit Due to US President Donald Trump's Massive Tax Bill. In addition, Fresh US-China Trade Tensions, Along with Geopolitical Risks, Hit Global Risk Sentiment.As of this writing, Silver Price is at $33,662 Source: Newsmaker.id
Gold prices continued their rise in the early Asian session on Wednesday (05/22) when this news was released, gold prices moved in the $3322 area, this was accompanied by several fundamental factors because investors were likely to switch from government bonds to precious metals. The global bond market is shaky, with traditional safe haven assets such as gold strengthening. There are also growing concerns over the US fiscal outlook "If all else is equal, that means higher demand for haven assets," from the geopolitical side of Israel and Iran also support demand for safe haven...