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...
Silver Prices Rise After increasing uncertainty over global trade policies and potential economic impacts, investors turned to precious metals as a hedge, pushing silver prices higher along with gold. As of this writing, Silver is at $34,126 Source: Newsmaker.id
Gold continued its rise this morning (03/6) accompanied by a weaker dollar and stronger demand for safe haven assets due to trade and geopolitical risks. In addition, Fed Chair Powell did not comment on policy or the economy in his opening remarks at the 75th anniversary conference of the Division of International Finance. Meanwhile, Goolsbee said that if the "difficult period" of tariff and trade uncertainty passes, and the dual mandate still looks good, the FOMC could be on track to cut interest rates. He said he had seen "very little immediate impact so far in the data," but he was not...
Gold continued its rise this morning (03/6) accompanied by a weaker dollar and stronger demand for safe haven assets due to trade and geopolitical risks. In addition, Fed Chair Powell did not comment on policy or the economy in his opening remarks at the 75th anniversary conference of the Division of International Finance. Meanwhile, Goolsbee said that if the "difficult period" of tariff and trade uncertainty passes, and the dual mandate still looks good, the FOMC could be on track to cut interest rates. He said he had seen "very little immediate impact so far in the data," but he was not...
Gold rose more than 2% on Monday to its highest in more than three weeks, as a weaker dollar and a combination of geopolitical risks and economic uncertainty fueled investor demand for safe-haven assets. In addition, tensions between Washington and Beijing resurfaced after U.S. President Donald Trump on Friday accused China of violating an agreement with the U.S. to mutually lift tariffs and trade restrictions on critical minerals. Source: Newsmaker.id
Gold (XAU/USD) prices rose to a one-week high, surpassing the $3,350 level during the early European session on Monday (July 2) and looks set to continue rising amid a combination of supportive factors. The Personal Consumption Expenditures (PCE) Price Index released on Friday further showed signs of easing inflationary pressures in the US and strengthened the case for further interest rate cuts by the Federal Reserve (Fed). This, in turn, prompted fresh US Dollar (USD) selling and acted as a tailwind for the non-yielding yellow metal. Source: Newsmaker.id