Silver prices have strengthened again following growing confidence that the US Federal Reserve will cut interest rates. When interest rates fall, precious metals like silver become more attractive because their value tends to stabilize amid economic uncertainty. Furthermore, many investors are starting to view silver as a hedge against inflation and a weakening US dollar. This increase is also driven by increasing demand from the technology and green energy industries. Silver is widely used in solar panels and electric vehicles, thus strengthening its prospects for a clean energy...
Gold prices fell at the end of the week on Friday (18/4). because investors booked profits during the long Easter holiday. Significant uncertainty over US President Donald Trump's import tariffs into the US and ongoing geopolitical tensions could support gold prices, which are known as safe haven assets. On the other hand, Federal Reserve (Fed) Chairman Jerome Powell was hawkish, reducing the possibility of a Fed rate cut in June. This, in turn, could lift the Greenback and weigh on USD-denominated commodity prices. Source: Newsmaker.id
Silver (XAG/USD) traded around $32.30 per troy ounce during the Asian session on Thursday (4/17), paring some of its gains from the previous day. The precious metal came under pressure as global risk sentiment improved following US President Donald Trump's announcement of exemptions for key technology products from newly proposed "reciprocal" tariffs. The exemptions, which cover smartphones, computers, semiconductors, solar cells and flat-panel displays, primarily benefit goods manufactured in China. Source: Newsmaker.id
Gold prices fell on Thursday (4/17) as investors took profits after bullion hit an all-time high, with traders assessing tariff negotiations between the U.S. and Japan. Spot gold fell 0.8% to $3,317.63 an ounce, as of 0717 GMT. Bullion has gained more than 2% this week. U.S. gold futures fell 0.5% to $3,330.60. Bullion hit a record high of $3,357.40 earlier in the session and has gained more than 27% this year. Source: Newsmaker.id
Silver (XAG/USD) fell during the Asian session on Thursday (4/17), paring some of its gains from the previous day. The precious metal came under pressure as global risk sentiment improved following US President Donald Trump's announcement of exemptions for key technology products from newly proposed "reciprocal" tariffs. The exemptions, which cover smartphones, computers, semiconductors, solar cells and flat-panel displays, primarily benefit goods manufactured in China. However, Silver's declines remained limited as Trump simultaneously launched an investigation into potential tariffs on...
Gold prices continue to struggle for their highest levels, during the Asian trading session reaching $ 3353 for the first time on Thursday (4/17), as Federal Reserve Chairman Jerome Powell's warning about the impact of the trade war sparked volatility on Wall Street, leading to sharp declines in stocks and the dollar. Meanwhile, the Trump administration is preparing to pressure countries to curb trade with China in US tariff negotiations. Both of these things create sentiment for market players to seek safe haven assets, Gold being the main choice. Source: Newsmaker.id -ads