Silver prices held below $38 an ounce on Friday after falling more than 1% in the previous session, as hotter-than-expected US producer inflation dampened hopes for a significant Federal Reserve interest rate cut in September. Weekly jobless claims also came in at 224,000, below the 228,000 forecast, indicating some labor market resilience. The market still rates more than a 90% chance of a 25 basis point cut next month, but the chances of a larger 50 bps move have been erased. Source: Newsmaker.id
Gold prices weakened in early Asian trading this morning, gold prices were at US$ 3,276 per troy ounce. The precious metal fell after reaching its highest level last week amid easing trade war tensions.US Agriculture Secretary Brooke Rollins said on Sunday that the Trump administration was having daily conversations with China about tariffs. Rollins noted that there were ongoing talks between the two countries and that trade deals with other countries were "very close."US President Donald Trump's announcement of broad and high tariffs in early April sparked concerns that the US economy would...
Gold prices fell on Friday, erasing gains from the previous session after Beijing announced exemptions for some U.S. goods from 125% tariffs, signaling a thaw in the trade dispute and reducing bullion's appeal as a hedge. At the same time, the dollar index approached the 100 mark, making dollar-priced bullion more expensive for overseas buyers, while U.S. Treasury yields edged higher as Fed officials reiterated their patience with policy. Source: Newsmaker.id
Gold prices fell more than 1% on Friday (4/25) and headed for a weekly decline on signs of a potential de-escalation in the U.S.-China trade war, including news that China is considering exempting some U.S. goods from tariffs. Spot gold fell 1.5% to $3,299.69 an ounce by 0830 GMT. U.S. gold futures fell 1.1% to $3,310.20. Source: Newsmaker.id
Silver fell nearly 1% in a possible technical correction after surging more than 3% in the previous session to a three-week high. The white metal continues to diverge from gold, reflecting its hybrid nature as a precious metal and an industrial metal that makes it more sensitive to shifts in macroeconomic sentiment and trade developments. Recent market movements have been shaped by evolving US-China trade signals.As of this writing, Silver is trading at $33,390 Source: Newsmaker.id
Gold is headed for a weekly gain after volatile trading, with investors assessing trade tensions and the possibility of a U.S. interest rate cut. Bullion was steady near $3,360 an ounce, about 1% higher this week, after hitting a record high on Tuesday before a sharp two-day decline. U.S. President Donald Trump vowed that his administration was talking to China about trade, although Beijing has denied that negotiations are underway. Source: Newsmaker.id