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...
Gold rose as the dollar gave up short-term gains from a court ruling that struck down President Donald Trump's global tariff agenda. The dollar initially gained after the U.S. Court of International Trade ruled many of Trump's tariffs illegal. However, strategists warn that there are many alternative routes the president can take to ensure his signature economic policies are not derailed. Source: Newsmaker.id
Silver fell again as markets digested news that a US trade court has blocked President Donald Trump's global tariff agenda. As of press time, Silver was trading at $33,180 Source: Newsmaker.id
Gold prices recover on Thursday in early Asian trading (5/29) Bullion prices fell as much as 1% on Thursday, adding to losses of 2% in the previous three sessions, as the U.S. Court of International Trade ruled that Trump's tariffs were illegal, further strengthening the dollar. A stronger U.S. dollar makes gold more expensive for most buyers. On the other hand, the Federal Reserve also revealed in the minutes of its May 6-7 meeting that it sees rising inflation and increased unemployment risks due to the trade war. Source: Newsmaker.id
Gold prices recovered on Wednesday (5/28) as the Federal Reserve revealed in the minutes of its May 6-7 meeting that it sees rising inflation and unemployment risks due to the trade war.
The price of silver (XAG/USD) rose on Wednesday (5/28). Silver was traded at $33.39 per troy ounce, up around 0.38% compared to yesterday's price at $33.27. Meanwhile, the weakening US Dollar (USD) was the driving force behind today's silver movement. Geopolitical instability or fears of a recession could cause silver prices to rise due to its status as a safe asset, although at a lower level than gold. In addition, investors are preparing for the Federal Reserve's preferred inflation index data, the US personal consumption expenditures (PCE) price index excluding food and energy, which...