Silver is expected to consolidate its strong gains of the past few days, trading around the highs recorded some time ago and appears poised to continue strengthening. The solid rebound from technical support levels and positive movement in daily indicators suggest a positive outlook for silver. If the price manages to break through a new high, silver will likely test higher levels and pave the way for further positive momentum. However, if silver corrects and moves down from its current level, it is likely to fall to an intermediate support level. If this support fails to hold, the price...
Gold rose again above $3,260 an ounce on Monday, as uncertainty surrounding U.S.-China trade talks supported demand for the safe-haven asset. On Sunday, President Donald Trump said he believed China wanted to make a deal, though he did not provide details or a timetable. Last week, Beijing said it was evaluating starting trade talks but reiterated that any negotiations would require certain preconditions to be met. In addition, the U.S. dollar weakened, making gold more attractive to buyers holding other currencies. Source: Newsmaker.id
Gold rose on Friday (2/5) as investors rushed to buy the metal a day after prices hit a two-week low amid easing trade tensions, while market focus shifted to the U.S. nonfarm payrolls report due later in the day. Gold hit its lowest level since mid-April in the previous session and has fallen nearly 2% so far this week, its sharpest weekly decline since late February. Source: Newsmaker.id
Silver prices fell in early trading on Friday. Easing trade tensions between the US and its trading partners have reduced demand for safe-haven assets, weighing on the silver metal.US President Donald Trump announced a potential trade deal with India, South Korea and Japan, seeking to turn his tariff policies into a trade agreement. Furthermore, Chinese state media said late Thursday that the US has contacted China to start trade talks over Trump's 145% tariffs.As of this writing, Silver is at $32,471 Source: Newsmaker.id
Gold was stable on Friday (2/5) at $3241 in the Asian session after experiencing a massive decline of more than 2% on Thursday.The easing of trade tensions between the US and its trading partners has affected demand for safe haven assets, thus weighing on the precious metal Meanwhile, investors are now pricing in a higher chance of a Federal Reserve (Fed) interest rate cut, although everything depends on the trade deal. This, in turn, could boost the price of non-yielding Gold. The US April jobs report will be in focus on Friday as it could prompt the US Fed to start cutting interest rates...
Silver prices fell more than 1% toward $32 an ounce on Thursday (01/05), marking a third straight session of declines, as easing global trade tensions sapped demand for safe-haven assets. Sentiment shifted after U.S. President Donald Trump hinted at potential trade deals with India, Japan and South Korea, and voiced optimism about a deal with China. At the same time, the outlook for industrial demand for silver came under pressure amid weaker economic data from major economies. Source: Newsmaker.id