Silver prices held above $38.50 per ounce on Thursday (August 14th), hovering near a three-week high as expectations of a deeper Federal Reserve interest rate cut this year buoyed the market. Weaker US inflation data suggested that President Donald Trump's tariffs were not adding to price pressures, while signs of a weakening labor market reinforced the dovish outlook. The market is almost fully pricing in a September rate cut, with some anticipating a larger 50 basis point cut. Additionally, Treasury Secretary Scott Bessent called for multiple rate cuts and said the Fed could begin...
Gold (XAU/USD) prices weakened slightly in mid-European trading on Monday (2/17), below $2,900 at the time of writing. Meanwhile, the United States (US) market is closed due to the President's bank holiday. On a rather quiet trading day, no less than three Fed speakers will make comments in the macroeconomic calendar without any releases. Source: Newsmaker.id
Silver prices stabilized above $32 per ounce on Monday after experiencing wild swings in the previous session. The metal found support from a weaker dollar, driven by softening US economic data and easing concerns over a global trade war. Investors also kept an eye on US-led efforts to resolve the war in Ukraine, which could reduce demand for safe-haven assets like silver. However, silver reached a three-month high on Friday as strong industrial demand, particularly from the electrification and manufacturing sectors, supported prices. Recent data revealed that China added 357 gigawatts of...
Gold (XAU/USD) maintained its bid tone around the $2,900 round-figure mark through the first half of the European session on Monday, albeit lacked any follow-through and remained below its all-time peaks touched last week. Investors remained concerned that US President Donald Trump's tariffs could trigger a global trade war. This turned out to be a key factor that continued to benefit the bullion as a safe-haven asset. Meanwhile, growing market acceptance that the Federal Reserve (Fed) will stick to its hawkish stance and keep interest rates on hold for an extended period helped revive...
Gold edged higher in the Asian morning session on a possible technical recovery after front-month Comex gold futures closed nearly 1.5% lower on Friday. However, the precious metal's gains may be capped by easing concerns over U.S. tariffs that could hurt economic growth.The market is starting to realize that President Trump is using tariffs as a negotiating tool, ANZ Research analysts said in a note. This follows his order for reciprocal tariffs, which may take weeks or even months to be finalized.Until this news was released, the price of Gold was at the level of $ 2,898 Source:...
Silver prices extended Friday's rally, to its highest in more than three months and outperforming other bullion as demand in electrification and manufacturing added support from the global safe haven. An unexpected recovery in the ISM Manufacturing PMI for January boosted the outlook for US factory demand after more than two years of monthly contraction. Also, new data showed that China is installing 357 gigawatts of solar and wind power by 2024, among the major industrial uses of silver. Also in solar power, Oil and Natural Gas Corporation of India has pledged to invest INR 1 trillion in...