Gold prices held steady on Friday (August 15th), continuing the previous session's decline and on track for their worst week since late June. Sentiment was weighed down after a series of stronger-than-expected US data eroded hopes of a significant Fed interest rate cut, causing the dollar and US bond yields to strengthen and dampen interest in non-yielding assets like gold. Pressure intensified after the US PPI rose at its fastest pace in three years in July, well above consensus, indicating that companies were beginning to pass on tariff-induced import cost increases to final...
Silver (XAG/USD) price halted its three-day losing streak, trading near $31.90 per troy ounce during the US session on Wednesday (4/26). Technical analysis on the daily chart shows a growing bearish outlook, with the metal trading below the lower boundary of its ascending channel pattern. Source: Newsmaker.id
Gold prices tried to recover from losses on Wednesday (26/2) after recording a recent record rally, while investors await inflation data due later this week and the latest developments on US President Donald Trump's tariff plans. Trump ordered an investigation into potential new tariffs on copper imports to rebuild US production of the metal that is essential for electric vehicles, military hardware, the power grid and many consumer goods. Source: Newsmaker.id
Silver prices fell to around $31.60 an ounce on Wednesday, marking a fourth straight decline amid strong demand and supply uncertainty. Profit-taking also weighed on silver prices, although the metal is still up about 10% this year. Hecla Mining Company, the largest U.S. silver producer, reported a 13% increase in silver production for 2024, mining 16.2 million ounces per ounce, the second-highest production level in its 134-year history. On the demand side, purchases of U.S. silver coins fell 27% year-on-year in January to $3.50 an ounce per ounce, the lowest January demand since 2018....
US gold futures rose 0.4% to $2,917. After hitting a one-week low in the previous session, as rising uncertainty stemming from US President Donald Trump's tariff plans dampened risk appetite and boosted demand for bullion as a safe-haven asset. Trump's tariff concerns, which have led to a somewhat sluggish state of confidence in the US economy from a consumer mindset, have supported gold, said Kelvin Wong, senior market analyst, Asia Pacific, at OANDA. Until this news was released, the price of Gold was at $ 2,917 Note: This article is only an analysis and not a definitive reference....
Silver prices plunged more than 1.80% on Wednesday, which saw the grey metal hit an intraday peak of $32.48, before dipping below the $32.00 mark as risk aversion and traders booked profits amid uncertainty over US trade policyAs of this writing, Silver is at $31,775 Source: Newsmaker.id