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 President Donald Trump's announcement to double import tariffs on foreign steel and aluminum to 50% has sparked more concerns over global trade As of this writing, Silver is at $33,104 Source: Newsmaker.id
Gold rose after dropping 2% last week, as of this writing the price of Gold is moving in the area of $3,309. It tends to rise as rising geopolitical and trade tensions revive demand for safe haven assets. Bullion rose as much as 0.8% in Asia after Ukraine launched a series of dramatic drone attacks across Russia on Sunday, hitting airfields as far away as eastern Siberia. Around the same time, Moscow launched one of its longest attacks on Kyiv, ahead of crucial peace talks this week. Source: Newsmaker.id - ayu
Gold rose after dropping 2% last week — as rising geopolitical and trade tensions revived demand for the haven asset. Bullion rose as much as 0.8% in Asia after Ukraine launched a series of dramatic drone attacks across Russia on Sunday, hitting airfields as far away as eastern Siberia. Around the same time, Moscow launched one of its longest-ever offensives against Kyiv, ahead of crucial peace talks this week. President Donald Trump also stoked more concerns over global trade over the weekend, vowing to double tariffs on foreign steel and aluminum imports to 50%, with Canada's industry...
Gold (XAU/USD) prices maintained their negative bias below the $3,300 mark through the early European session on Friday (5/30), albeit lacked any follow-through selling. The US dollar (USD) attracted some buyers as they repositioned ahead of the crucial US inflation report, which in turn, was seen as a key factor undermining the commodity. However, concerns about worsening US fiscal conditions, coupled with bets that the Federal Reserve (Fed) will lower borrowing costs further in 2025, might cap gains for the USD and offer some support to the non-yielding yellow metal. Source: Newsmaker.id
Gold rose early in Asia (30/05) after a federal appeals court offered Trump a temporary reprieve from a ruling that threatens to throw out much of his tariff agenda. A weaker dollar also helped, driven by rising fiscal risks and renewed political pressure on the Federal Reserve to cut interest rates. Disappointing data on Thursday showed the U.S. economy shrank at the start of the year, due to weaker consumer spending and a bigger impact from the trade war than previously reported. Meanwhile, tensions with China resurfaced this week after the government announced it would begin revoking...