Silver prices have strengthened again following growing confidence that the US Federal Reserve will cut interest rates. When interest rates fall, precious metals like silver become more attractive because their value tends to stabilize amid economic uncertainty. Furthermore, many investors are starting to view silver as a hedge against inflation and a weakening US dollar. This increase is also driven by increasing demand from the technology and green energy industries. Silver is widely used in solar panels and electric vehicles, thus strengthening its prospects for a clean energy...
Gold Prices moved at $3357 in the Asian session on Monday (23/06). You need to know that currently gold prices are showing a strengthening trend along with increasing global uncertainty, especially after tensions in the Middle East and monetary policy decisions by major central banks. Fundamentally, demand for safe assets is increasing, driven by concerns about inflation and geopolitical turmoil. A slight correction at the beginning of the Asian session has occurred, but it has not changed the trend. Especially, if tensions in Iran continue, gold is expected to remain the main choice for...
Gold prices are steady in holiday-thinned trade as markets digest the Federal Reserve meeting results and the Middle East conflict. Israel and Iran continue to exchange blows, with Trump saying he will decide on a US strike on Iran "within two weeks." The safe-haven metal is trading in a tight range amid lower volumes, but the underlying risks remain real, says Tammy Da Costa at FXStreet. Fundamentally, gold prices are still supported by several factors, the increasingly heated geopolitics between Iran and Israel, and Trump's Tariff Uncertainty Source: Newsmaker.id
Gold prices rose slightly at the start of the Asian session on Thursday (19/06) following a decline in the previous session triggered by Federal Reserve Chairman Jerome Powell's warning about the risk of inflation to the US economy. Fundamentally, gold prices are still supported by several factors, the increasingly heated geopolitics between Iran and Israel, and Trump's Tariff Uncertainty Source: Newsmaker.id
Silver (XAG/USD) rose on Wednesday (6/18). The white metal is currently trading just above the $37.00 round figure and seems poised to extend its recent uptrend from April monthly swing lows. In addition, the Middle East conflict is escalating into a wider war after President Donald Trump called for Iran's unconditional surrender. Source: Newsmaker.id
Gold edged higher, with safe-haven demand from rising risks of a wider war in the Middle East offset by weak U.S. economic data that raised the prospect of a rate cut. While rising tensions boosted bullion's appeal as a store of value amid geopolitical turbulence, traders also factored in a series of lukewarm U.S. reports on retail sales, housing and industrial production that strengthened the case for a Federal Reserve rate cut this year. However, the Middle East conflict has fueled a spike in crude prices that could stoke inflation, making aggressive Fed monetary easing less likely. A...