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 Monday (5/19) as the dollar slumped after Moody's Ratings removed the US's last top credit rating due to ballooning debt and deficits. Moody's blamed successive administrations and Congress for a ballooning budget deficit that it said showed no signs of abating. And there are concerns the situation could get worse, with Republican lawmakers discussing President Donald Trump's tax and spending package. Source: Newsmaker.id
Silver prices rose on Monday (5/19) in early European trading. Silver was marketed at $32.53 per troy ounce, up 0.75% from $32.29 on Friday. Meanwhile, the dollar weakened and a credit rating agency Moody's has lowered the US credit rating one notch - from Aaa to Aa1 - citing rising debt levels and a growing burden of interest payments. The price of silver when this news was released was at $32,526/Toz. Source: Newsmaker.id
Gold prices rose on Monday (5/19) as the dollar weakened and trade concerns resurfaced, following U.S. Treasury Secretary Scott Bessent's reaffirmation of President Donald Trump's tariff threats, fueling safe haven demand. Source: Newsmaker.id
Silver is under pressure again after the White House has signaled that Washington will "conduct a series of negotiations" with Beijing to avoid "escalating trade tensions, We will conduct a series of negotiations with China to prevent further escalation.Until this News was released, the price of silver was at $ 32,271 sumber: Newsmaker.id
Gold prices rose early in the Asian session on Monday (05/19) moving in the area of $3247. Gold strengthened again after its biggest weekly decline in six months, with interest in safe haven assets driven by increasing concerns about the US economic outlook and budget deficit. Gold bullion rose as much as 1.3% to around $3,245 an ounce in early Asian trading. That happened after Moody's Ratings announced late Friday that it lowered the US government's main credit rating from Aaa to Aa1. Source: Newsmaker.id