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 erased gains and fell about 2.5% to $3,020 an ounce on Friday (4/4), hitting a one-week low and further retreating from a record high set earlier in the week. Analysts attributed the decline to investors selling bullion to cover losses in other asset classes amid margin calls. China's announcement of a 34% tariff on all U.S. imports, in retaliation for President Trump's tariffs, has raised concerns about global economic stability and inflationary pressures. Source: Newsmaker.id
Silver prices fell to around $31.50 an ounce on Friday (4/4), bringing weekly losses to nearly 8% as global trade and economic concerns sparked a broad sell-off across financial markets. The decline followed US President Donald Trump's announcement of a 10% base tariff on all imports, with higher levies targeting major economies including China (54%), the EU (20%), Japan (24%) and India (27%). Source: Newsmaker.id
Gold hovered around $3,083 early in the European session on Friday, Thursday's selloff following President Trump's blanket tariff announcement created a more attractive entry point for investors to take a long position—or an increase in value—in gold, Goldman Sachs analysts said in a note.On the other hand, gold prices remain structurally supported by ongoing emerging market central bank buying. Source: Newsmaker.id
Silver prices fell more than 1% to hit a one-week low as traders grappled with market uncertainty following US President Donald Trump's sweeping tariff measures.Trump imposed a base tariff of 10% on all imports, with higher levies targeting major trading partners such as China (34%), the EU (20%), and Japan (24%). In addition, a 25% tariff on foreign-made cars took effect immediately. In defending the move, Trump framed the tariffs as a strategy to support domestic manufacturing and reduce the trade deficit.Until this news was released, Silver price was at $ 31,534 Source: Newsmaker.id
Gold held above $3,110 an ounce on Friday, set for a fifth straight weekly gain after repeatedly hitting all-time highs, driven by risk aversion stemming from U.S. tariffs.Trump announced a 10% base tariff on imports from all countries, along with higher duties on some of the U.S.'s biggest trading partners, prompting retaliatory measures from those countries. Meanwhile, gold weakened on Thursday, pressured by profit-taking and reports that the precious metal is exempt from Trump's tariffsAs of this writing, Gold Price is at $3,098 Source: Newsmaker.id