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
Silver prices were steady in early Asian trading on Monday, after hitting a one-week low as the U.S. dollar strengthened. The dollar's gains came after Federal Reserve Chairman Jerome Powell reiterated that the central bank is in no rush to cut interest rates further, though he hinted at two potential rate cuts this year. Adding to the pressure on silver, lingering economic concerns in China dampened the outlook for its industrial demand, as Beijing announced fresh stimulus measures without providing specifics. Source: Newsmaker.id
Gold prices remained under pressure during the early Asian session on Monday as a stronger US dollar weighed on bullion. The metal eased after hitting an all-time high on Thursday amid hopes for a Ukraine peace deal. However, potential interest rate cuts hinted at by the Federal Reserve (Fed) and ongoing economic uncertainty may limit gains for the yellow metal. On Sunday, Ukrainian and US officials held talks in Riyadh, Saudi Arabia, continuing efforts to end the three-year war as President Donald Trump pushes for a ceasefire. Ukrainian Defense Minister Rustem Umerov said that the...
Silver prices fell more than 1% on Friday (3/21), hitting a one-week low as the U.S. dollar strengthened. The dollar's strength came after Federal Reserve Chairman Jerome Powell reiterated that the central bank is in no rush to cut interest rates further, although he hinted at two potential rate cuts this year. Source: Newsmaker.id
Gold prices continued to decline in the European session on Friday (21/03). Gold is currently trading in the $3028 areaAfter some minor corrections from overbought technical levels, gold prices have stabilized and remain well supported, he said in a note.Meanwhile, Investors have been buying gold as a hedge against uncertainty about Trump's policies and central banks are buying gold to reduce their dependence on the US dollar. In the long term, rising geopolitical risks will continue to support the precious metal's prospects. Investors are concerned about the de-dollarization trend as the...
Silver held onto earlier losses in the $33.60 an ounce range, after the Federal Reserve kept interest rates at 4.25%-4.5%, while signaling a potential cut of 0.5 percentage points in 2025. Despite economic uncertainty fueled by tariffs and President Trump's fiscal policies, silver remained near a five-month high as trade war concerns escalated. Rental rates have surged amid shrinking stocks, especially in London, as silver flows to the U.S. to take advantage of higher prices. The shift has widened the price gap between major markets, with spot silver up 17% this year, outperforming other...