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 (XAU/USD) prices soared and recovered to $3,063 at the time of writing on Wednesday after US President Donald Trump's tariffs went into effect. At one point this week, the market was hoping for a last-minute solution as several news outlets reported on Monday that President Trump was considering a 90-day tariff pause for all countries except China. However, the White House stated that any suggestion that President Trump was considering a 90-day tariff pause was "fake news." Source: Newsmaker.id
Silver (XAG/USD) prices recovered from losses during Asian trading hours on Wednesday. Analysts believe that the recent correction could be a setup for a strong rebound amid rising trade tensions and recession fears. Traders are gearing up for the FOMC Minutes, due out on Wednesday.US President Donald Trump said late Tuesday that he is not considering abandoning his plan to impose extensive additional tariffs on dozens of countries despite contacts from trading partners seeking to avoid the levies. However, he hinted that he may be open to some negotiations.Until this news was released,...
Gold prices were steady early in the Asian session on Wednesday (9/4) as traders braced for the US to raise tariffs on Chinese goods to as high as 104%, a move that Beijing is expected to retaliate against as hopes fade that a brutal global trade war can be avoided. The precious metal still looks to have more to gain, having risen more than 13% this year on central bank buying and inflows into exchange-traded funds. Markets are also betting that rising volatility could prompt the Federal Reserve to accelerate interest rate cuts to stave off a recession. Lower interest rates typically...
Silver prices fell below $30 an ounce on Tuesday (08/4), following increased volatility as investors continue to navigate shifting global trade dynamics and their impact on economic expectations and tariffs. The precious metal came under pressure last week amid broad risk-off sentiment, as fears of a tariff-driven global recession sparked a wave of liquidation across asset classes. Source: Newsmaker.id
Gold prices fell again on Tuesday (4/8) as the White House announced that 104% tariffs on China would go into effect at noon Eastern Time, Press Secretary Karoline Leavitt said, in retaliation for China's 34% tariffs on U.S. exports. She added that the tariffs would be levied starting April 9. Investors are now awaiting the minutes of the U.S. Federal Reserve's latest policy meeting on Wednesday for further clues on the direction of interest rate cuts. Source: Newsmaker.id