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 rose to a new record high on Monday (4/21), as a weaker dollar and uncertainty over the economic impact of U.S.-China trade tensions spurred demand for safe-haven bullion. The dollar fell as investor confidence in the U.S. economy was hit again by President Donald Trump's comments about Federal Reserve Chairman Jerome Powell. A weaker dollar makes bullion more attractive to holders of other currencies. Source: Newsmaker.id
Gold (XAU/USD) maintained a strong bid tone throughout the first half of the European session on Monday (4/21) and is currently trading near an all-time high, just below the $3,400 mark. US President Donald Trump's tough international trade policies have raised the possibility of a US recession, which continues to weigh on investor sentiment and benefit the precious metal which is a safe-haven asset. Source: Newsmaker.id
Gold rose close to a record on Monday (4/21) at the start of the Asian trading session. There are still many factors that can support the movement of Gold to rise. One of them is because the weakening US-led trade war supports demand for safe haven assets, with data to be released in the coming days that may highlight early signs of damage to the global economy. On the other hand, the movement of the dollar also affects the movement of Gold, for now the DXY is at the level of $ 98, this is a negative level, during Donald Trump's term by providing a number of terrible policies for the world,...
Gold prices fell at the end of the week on Friday (18/4). because investors booked profits during the long Easter holiday. Significant uncertainty over US President Donald Trump's import tariffs into the US and ongoing geopolitical tensions could support gold prices, which are known as safe haven assets. On the other hand, Federal Reserve (Fed) Chairman Jerome Powell was hawkish, reducing the possibility of a Fed rate cut in June. This, in turn, could lift the Greenback and weigh on USD-denominated commodity prices. Source: Newsmaker.id
Silver (XAG/USD) traded around $32.30 per troy ounce during the Asian session on Thursday (4/17), paring some of its gains from the previous day. The precious metal came under pressure as global risk sentiment improved following US President Donald Trump's announcement of exemptions for key technology products from newly proposed "reciprocal" tariffs. The exemptions, which cover smartphones, computers, semiconductors, solar cells and flat-panel displays, primarily benefit goods manufactured in China. Source: Newsmaker.id