Silver prices held below $38 an ounce on Friday after falling more than 1% in the previous session, as hotter-than-expected US producer inflation dampened hopes for a significant Federal Reserve interest rate cut in September. Weekly jobless claims also came in at 224,000, below the 228,000 forecast, indicating some labor market resilience. The market still rates more than a 90% chance of a 25 basis point cut next month, but the chances of a larger 50 bps move have been erased. Source: Newsmaker.id
Gold continued to rise in Europe on Tuesday (06/05) for the second straight day, as geopolitical tensions around the world continued to support investor demand for safe-haven assets. In the Middle East, Israel is increasingly preparing its ground offensive in the Gaza Strip with the aim of fully controlling the territory. In the United States (US), pressure is increasing on US President Donald Trump and his administration to finally announce the first trade deal. Trump and his cabinet have been very vocal about an imminent deal, with US Commerce Secretary Howard Lutnick saying that the...
Silver prices rose more than 1% on Tuesday (06/05), as President Donald Trump's new tariff threats spurred demand for safe-haven assets. President Trump announced plans to direct the U.S. Trade Representative and the Commerce Department to begin imposing 100% tariffs on foreign-produced films. On Monday, he also stated that he intends to impose pharmaceutical tariffs within the next two weeks. Source: Newsmaker.id
Gold (XAU/USD) prices rose during the Asian session on Tuesday (06/05). Despite signs of easing US-China trade tensions, investors remain cautious following US President Donald Trump's erratic trade policies. In addition, persistent geopolitical risks stemming from the prolonged Russia-Ukraine war and conflicts in the Middle East have boosted demand for the safe haven precious metal. Source: Newsmaker.id
Silver (XAG/USD) prices halted a four-day decline. The precious metal regained ground as ongoing uncertainty surrounding US-China trade talks fueled safe-haven demand.China's Commerce Ministry said on Friday it was considering a proposal from the United States (US) to resume trade talks. This came after US President Donald Trump said negotiations were ongoing, although he clarified that no talks with Chinese President Xi Jinping were scheduled for this week.Until this news was released, the price of Silver was at the level of $ 32,434 Source: Newsmaker.id
Gold prices (XAU/USD) surged more than 2%, or over $70, on Monday as the greenback took a hit, despite upbeat economic data from the United States (U.S.) suggesting the economy remains solid.The mood in the market improved following a report by the Institute for Supply Management (ISM) that service providers were confident of the resilience of the U.S. economy. The data suggested that prices were on the rise, fueled by U.S. President Donald Trump's tariffsOver the weekend, Trump announced a 100% tariff on foreign-made films while saying that the Federal Reserve (Fed) should lower interest...