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 on Wednesday as investors bought the dip after a decline in the previous session, while the market awaited the minutes of the Federal Reserve's latest policy meeting and economic data for insight into the outlook for U.S. interest rates. Spot gold rose 0.6% to $3,320.58 an ounce, as of 0853 GMT. Bullion fell below the $3,300 level and hit a low of $3,285.19 in the previous session. Source: Newsmaker.id
Silver rose slightly after a two-day decline, as the market remains in wait-and-see mode despite data showing improving economic sentiment and signs of progress in trade talks, but the FOMC Minutes are still the reference. As of this writing, Silver is at $33,267 Source: Newsmaker.id
Gold edged up at the start of Asian trading on Wednesday (05/28) after a two-day decline, as markets remained in wait-and-see mode despite data showing improving economic sentiment and signs of progress in trade talks. Investors are now gearing up for the Federal Reserve's preferred inflation measure, the US personal consumption expenditures price index excluding food and energy, due out on Friday. Source: Newsmaker.id
Gold continued to fall on Tuesday (5/27) as the dollar strengthened and demand for safe-haven assets declined, with investors also weighing the prospect of improving trade relations between the U.S. and the European Union. Bullion fell 1.5% as signs that Japan may be ready to adjust its debt issuance boosted global bonds and the U.S. currency. A stronger U.S. dollar makes gold more expensive for buyers in other currencies, while lower debt yields reduce the appeal of the non-interest-bearing precious metal. Source: Newsmaker.id
Gold extended its decline for the second day this week as the US dollar clawed back some gains and demand for safe-haven assets eased, with investors also weighing the prospects for improved trade relations between the US and EU after US President Donald Trump said on Sunday that he agreed to extend the deadline for 50% tariffs on the European Union (EU) until July 9. Source: Newsmaker.id