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 prices pared some losses on Wednesday (4/30) as speculation that the US Federal Reserve will cut interest rates increased after US growth in the first quarter was weaker than expected. Bullion had fallen more than 1% earlier in the session, but was on track to post a fourth straight monthly gain, rising 6% so far in April. Source: Newsmaker.id
Gold fell slightly for a second day as President Donald Trump eased the impact of some auto tariffs and signaled progress in trade negotiations with several countries. Bullion traded near $3,305 an ounce, following a 0.8% decline in the previous session as risk sentiment returned to the broader market. Source: Newsmaker.id
Silver prices traded with a negative bias for the third straight day, despite lacking any bearish conviction during the Asian session on Wednesday. Global equity markets continued to rise amid signs of easing US-China trade tensions and US President Donald Trump's decision to grant tariff flexibility to US automakers. This, along with a modest US Dollar (USD) gain, was seen as key factors undermining demand for silver as a hedge optionAs of this writing, silver prices were trading at $32,859 Source: Newsmaker.id
Gold continued its decline at the open market, at the beginning of the Asian session the price of gold moved in the range of $3315 - $3322. This was accompanied by signals of easing US-China trade tensions which reduced some of the demand for safe havens, while investors await key economic data this week to gauge the outlook for Federal Reserve policy. Source: Newsmaker.id -ads
Silver prices held steady on Tuesday (4/29), after a recent decline as investors awaited clarity on U.S.-China trade relations and key U.S. economic releases. China reiterated that it is not engaged in trade talks with the U.S., refuting claims made by President Donald Trump. Meanwhile, U.S. Treasury Secretary Scott Bessent said several major trading partners have made "very good" tariff proposals, and a trade deal with India could be announced soon. Bessent also noted that China's move to exempt certain U.S. goods from retaliatory tariffs signaled a desire to ease tensions. Source:...