Gold (XAU/USD) prices pared some of their intraday losses, although they remained pressured below the $3,400 level and above the two-week high reached last Friday. Amid optimistic market sentiment, the moderate strengthening of the US dollar (USD) prompted profit-taking around the commodity after its recent gains over the past week or so. However, a combination of factors helped limit the decline in the precious metal. Source: Newsmaker.id
Gold maintained its three-day rally as US President Donald Trump announced a highly anticipated trade deal with Japan, signaling progress in tense negotiations ahead of his August 1 tariff deadline. Bullion prices are trading near $3,430 an ounce, up 2.5% so far this week as Trump announced he would impose 15% and 19% tariffs on goods from Japan and the Philippines, strategic geopolitical allies. With several countries racing to secure trade deals, investors are seeking clarity, particularly on progress with China. Source: Newsmaker.id
The price of silver (XAG/USD) weakened slightly, approaching $38.80 at the start of the European trading session on Tuesday (July 22nd). However, the precious metal remains near its decade-high of around $39.00. The outlook for this precious metal remains bullish due to high demand for safe-haven assets due to ongoing concerns over global trade flows.As of this writing, the price of silver is at $38,837. Source: Newsmaker.id
Gold prices (XAU/USD) weakened slightly on Tuesday after two days of gains. However, the safe-haven metal is likely to strengthen due to uncertainty ahead of US President Donald Trump's tariff deadline on August 1st. Market sentiment has also deepened due to growing concerns about the independence of the Federal Reserve (The Fed).As of this writing, gold prices are at $3,388. Source: Newsmaker.id
Silver prices (XAG/USD) weakened slightly, approaching $38.80 at the start of the European trading session on Tuesday (July 22nd). However, the precious metal remains near its decade-high of around $39.00. The outlook for the precious metal remains bullish due to high demand for safe-haven assets due to ongoing concerns over global trade flows. Escalating trade tensions between the United States (US) and the European Union (EU) have heightened trade tensions worldwide, given the scale of business between the two countries. EU officials are preparing countermeasures to offset the impact of...
Gold prices held near a monthly high of $3,395 per ounce, supported by increased demand for safe haven assets ahead of the August 1 US tariff deadline. The White House's statement that President Trump may issue more unilateral tariffs increased market uncertainty. The US dollar weakened 0.5% in the previous session, making gold more attractive to global buyers. Meanwhile, the market continues to monitor the Fed's interest rate outlook ahead of next week's decision. Although the probability of a rate cut remains low, market expectations still point to a total of around 46 basis points of...