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 was steady during the early Asian trading session on Wednesday (12/2) after chasing its latest ATH of $2942 on Tuesday. Gold had fallen slightly as the US central bank signaled it was in no hurry to provide more interest rate cuts, and traders weighed concerns about a global trade war that could help demand for safe haven assets. Source: Newsmaker.id
Silver (XAG/USD) prices found a temporary cushion on Tuesday (2/11) after falling sharply earlier in the day. The white metal showed little buying interest as the US Dollar (USD) declined ahead of Federal Reserve (Fed) Chairman Jerome Powell's testimony before Congress. However, the overall outlook for Silver prices remains strong amid growing concerns over a global trade war. Historically, the appeal of precious metals, such as Silver, increases in an uncertain global Source: Newsmaker.id
Gold prices slipped on Tuesday (2/11) as investors booked profits following a record high, but remained optimistic amid concerns about a global trade war sparked by U.S. President Donald Trump's new tariffs. Traders were eyeing Federal Reserve Chairman Jerome Powell's testimony later in the day and U.S. inflation data due Wednesday for fresh clues on the outlook for interest rates in the world's largest economy. Source: Newsmaker.id
Gold (XAU/USD) price has broken its previous all-time high and made a new record high of $2,942 in trading on Tuesday (11/2) morning before turning lower that day. Meanwhile, United States (US) President Donald Trump has imposed a 25% tariff on steel and aluminum imports for all countries starting March 12, while China has quietly imposed retaliatory tariffs on some US goods. Source: Newsmaker.id
Silver prices rallied on safe-haven demand on Monday, rising 0.90% and regaining $32.00 a troy ounce at the time of writing.The precious metal continued to perform positively on Monday after US President Donald Trump imposed a 25% tariff on all aluminum and steel imports. This prompted traders to seek the safety of haven assets such as Silver, Gold, and the US Dollar.As of this News Release Silver price is at $32,157 Source: Newsmaker.id