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
Silver prices (XAG/USD) depreciated after posting gains the previous day, Safe-haven demand for precious metals, including Silver, continued to weaken as trade war concerns eased.At the same time, Dollar-denominated Silver lost its appeal, with a stronger US Dollar (USD) making it more expensive for buyers using other currencies.The USD gained support as optimism grew over improvements in US-China trade relations.Until this news was released, Silver Price was at $ 32,921 Source: Newsmaker.id
Silver prices fell on Monday (4/28), extending losses from the previous session as easing U.S.-China trade tensions dampened demand for safe-haven metals. Last week, U.S. President Donald Trump signaled an openness to lowering tariffs on China, while Beijing exempted certain U.S. goods from its 125% levies. Meanwhile, China expressed confidence in meeting its full-year growth target of around 5% but refrained from introducing immediate stimulus, preferring to first assess the impact of the escalating trade dispute with the U.S. Investors also await key U.S. economic data this week, which...
Gold prices rose on Monday (4/28) despite easing US-China trade tensions, as the dollar weakened in the US session. In addition, US President Donald Trump said progress had been made with China, and that he had spoken with President Xi Jinping. However, Beijing has denied any trade talks and Treasury Secretary Scott Bessent on Sunday failed to support Trump's statement that tariff talks with China were underway. Source: Newsmaker.id
Gold (XAU/USD) prices plunged on selling pressure from traders, bringing the bullion price to $3,295 at the time of writing on Monday. The correction came after an ABC television interview with US Treasury Secretary Scott Bessent on Sunday, who said that several large transactions were being discussed with Asian countries. Source: Newsmaker.id
Silver prices fell, paring gains from earlier in the week as signs of easing global trade tensions lifted the dollar, weighing on dollar-denominated commodities.The dollar gained as U.S. President Donald Trump claimed that trade talks with China were progressing, with additional signs of progress in negotiations with Japan and South Korea further boosting investor sentiment.China is also reportedly considering removing 125% tariffs on certain U.S. goods, raising hopes of a further de-escalation in the trade war.Until this news was released, Silver Price was at $ 32,771 Source: Newsmaker.id