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 was stable on Friday (2/5) at $3241 in the Asian session after experiencing a massive decline of more than 2% on Thursday.The easing of trade tensions between the US and its trading partners has affected demand for safe haven assets, thus weighing on the precious metal Meanwhile, investors are now pricing in a higher chance of a Federal Reserve (Fed) interest rate cut, although everything depends on the trade deal. This, in turn, could boost the price of non-yielding Gold. The US April jobs report will be in focus on Friday as it could prompt the US Fed to start cutting interest rates...
Silver prices fell more than 1% toward $32 an ounce on Thursday (01/05), marking a third straight session of declines, as easing global trade tensions sapped demand for safe-haven assets. Sentiment shifted after U.S. President Donald Trump hinted at potential trade deals with India, Japan and South Korea, and voiced optimism about a deal with China. At the same time, the outlook for industrial demand for silver came under pressure amid weaker economic data from major economies. Source: Newsmaker.id
Gold fell on Thursday (01/05) to a two-week low on signs of potential progress in trade talks between the U.S. and other countries, denting demand for haven assets despite concerns about a weakening economy. Prices fell as much as 2.15% as market sentiment improved on Wall Street after National Economic Council Director Kevin Hassett said the Trump administration was making progress in tariff talks. Source: Newsmaker.id
Gold fell to a two-week low on Thursday (1/5) as a stronger dollar and easing trade tensions dented the metal's safe-haven appeal, while investors awaited the U.S. nonfarm payrolls report. Spot gold fell 1.6% to $3,235.55 an ounce by 0629 GMT, after hitting its lowest since mid-April. Source: Newsmaker.id
Silver remains under heavy selling pressure for the third straight day on Thursday.Silver (XAG/USD) is trading lower for the third straight day, marking the fourth day of negative movement in the previous five, and dropped to a more than two-week low during the Asian session on Thursday. However, the white metal is showing some resilience at the bottom even though the technical setup supports prospects for an extension of the one-week-old downtrend.As of this writing, Silver is trading at $31,993 Source: Newsmaker.id