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 Up on Thursday (4/24) Gold rose after its sharpest decline in five months, driven by President Donald Trump's more assertive comments on trade wars and the Federal Reserve. Trump's comments sparked risk-on sentiment on Wall Street, which spilled over into a wave of gold selling on Wednesday. Source: Newsmaker.id
Silver (XAG/USD) prices rose on Wednesday (4/23). The white metal gained as fears of an escalating trade war between the United States (US) and China eased after President Donald Trump hinted at a possible deal with Beijing. Theoretically, easing global economic tensions reduce the appeal of the safe-haven asset, Silver. However, the metal is gaining due to its industrial demand. Silver has applications in various industries, such as Electric Vehicles (EVs), electronics alliances, power and cables, mining, etc. Source: Newsmaker.id
Gold fell for a second day on Wednesday as the White House took a more cautious stance on the Federal Reserve's independence and investors weighed comments from the Trump administration on trade. President Donald Trump said Tuesday that U.S. tariffs "will come down substantially but they won't go to zero," and that he didn't see a need to "play hardball" with Chinese leader Xi Jinping. However, Treasury Secretary Scott Bessent said Wednesday that Trump has not offered to unilaterally lower U.S. tariffs on China. Source: Newsmaker.id
Silver prices are trading sideways, The white metal has been trading sideways for the past three trading days as investors look for new developments in the trade relations between the United States (US) and China.Earlier news from the United States (US) Treasury Secretary Scott Bessent revealed that he sees a de-escalation with China, which improved the market mood, which is a drag on Silver prices.As of this news release, Silver prices are at $32,630 Source: Newsmaker.id
Gold Down after hitting a record high of $3,500 an ounce for the first time as traders book profits following a nearly 10% rally this month. Gold fell 1.5% to open Asian trading on Wednesday as risk appetite improved with equities bouncing back, bonds and the dollar steady. Market players are currently speculating to wait for key data this week, some are also speculating to take profits. Source: Newsmaker.id