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 were steady for a second day Thursday (3/27), near a record high as U.S. President Donald Trump announced tariffs on all auto imports, escalating trade tensions and boosting demand for safe-haven assets. On Wednesday, Trump signed a proclamation to impose a "permanent" 25% tariff on all cars not made in the U.S. starting April 2. However, concerns that the president would further escalate trade tensions between the U.S. and global partners were eased when he said some of the reciprocal duties to be announced next week would be "very soft." Trump also said he would consider...
Currently, the price of gold continues to move in the $3012-$3028 area on Wednesday (3/26).Meanwhile, Copper metal is in the spotlight after United States (US) President Donald Trump said on Tuesday that Copper tariffs will be implemented in the coming weeks, which is much faster than the market anticipated.From the geopolitical side, there is also a major risk in Ukraine, where a Black Sea ceasefire agreement is being discussed. Ukrainian President Volodymyr Zelenskiy quickly supported the breakthrough and said his country was ready to comply with it immediately. Source: Newsmaker.id
Silver prices fell on Wednesday (3/26) in Asia, as the dollar strengthened and market participants awaited the US Personal Consumption Expenditure data on Friday for clues on the Fed's next move. Source: Newsmaker.id
Gold prices were steady on Wednesday (3/26) near a record high after U.S. consumer confidence fell sharply, signaling trouble for the U.S. economy. Consumer confidence fell to a four-year low in March on concerns about escalating trade wars and higher prices, adding to gold's appeal as a safe haven asset. Meanwhile, the U.S. announced that Russia and Ukraine had reached a ceasefire deal in the Black Sea. The Kremlin confirmed the statement, but said it was conditional on Washington lifting sanctions on banks and companies involved in agricultural exports. Source: Newsmaker.id
Silver prices held steady above $33 an ounce on Tuesday, recovering from recent losses as trade uncertainty and broader economic concerns fueled demand for safe-haven assets. Hopes that US President Donald Trump could take a more targeted approach to tariffs before an April 2 deadline provided some relief to markets. However, his pledge on Monday to impose levies on auto, pharmaceutical and other industries added to the uncertainty. Meanwhile, expectations of further interest rate cuts from the US Federal Reserve also supported silver prices. Source: Newsmaker.id