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...
Silver trended higher during the Asian session on Thursday (2/13). This was supported by the US dollar and lower Treasury yields, with traders assessing the US push to try to end the war in Ukraine, as well as President Donald Trump's disruptive moves on trade. Silver prices have soared this year. The surge has been driven by demand for safe-haven assets, with traders trying to gauge the impact of the new administration's stance on trade and geopolitics. Source: Newsmaker.id
Gold prices continued to strengthen in response to higher US consumer inflation figures and gained positive traction for the second straight day on Thursday. The momentum lifted the precious metal to $2,920 during the Asian session and was supported by a combination of factors.Investors remain concerned that US President Donald Trump's new levies on commodity imports and reciprocal tariffs will trigger a global trade war, which continued to support Gold prices as a safe-haven asset. Moreover, the emergence of fresh US Dollar (USD) selling provided additional support to the bullion and...
Gold is slightly changed and has recovered in the $2,900 area today, Wednesday (12/2). The precious metal is moving up as rising trade tensions encourage investors to seek protection in safe haven assets. Source: Newsmaker.id
Silver erased earlier losses to trade above $32 an ounce, near a three-month high, outperforming other bullion in the session as expectations of steady demand for the metal in the electrification industry offset bets of a more aggressive Fed this year. A surprise recovery in the ISM manufacturing PMI for January boosted the outlook for U.S. manufacturing after more than two years of monthly contractions. Source: Newsmaker.id
Gold (XAU/USD) prices maintained its bid tone through the first half of the European session on Wednesday, albeit lacked any follow-through selling as traders preferred to wait for the release of US consumer inflation figures. Meanwhile, the US Dollar (USD) attracted some buyers after Federal Reserve (Fed) Chairman Jerome Powell's hawkish remarks on Tuesday. This, along with a generally positive risk tone, undermined the commodity for the second straight day. However, concerns over US President Donald Trump's fresh levies on commodity imports and promised reciprocal tariffs, along with...