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 is still in positive territory due to the influence of the trade war. While Trump will announce reciprocal tariffs on many countries next week.The People's Bank of China has increased its gold reserves for the third month in January.The precious metal moved up as rising trade tensions prompted investors to seek protection in safe haven assets.As of this news release, the price of gold is at $2,870. Source: Newsmaker.id
Silver held steady to post its fifth straight weekly gain. The precious metal was supported by a weaker dollar, as concerns over escalating global trade tensions eased.Both the US and China have taken a more cautious stance on tariffs, with US President Donald Trump and Chinese President Xi Jinping set to discuss trade developments, potentially reversing some of the existing restrictions. Silver is also benefiting from expectations that the US Federal Reserve will continue to cut interest rates this year, with markets pricing in two quarter-point cuts.As of this writing, silver is at...
Silver held steady above $32.20 an ounce on Friday, on track to post a fifth straight weekly gain. The precious metal was supported by a weaker dollar, as concerns over escalating global trade tensions eased. Silver also benefited from expectations that the U.S. Federal Reserve will continue to cut interest rates this year, with markets pricing in two quarter-point cuts. Source: Newsmaker
Gold rose on Friday (2/7) and was on track for a sixth straight weekly gain on trade-war-fueled safe-haven demand, while attention turned to the upcoming U.S. nonfarm payrolls report for cues on the Federal Reserve's interest rate path. Spot gold prices rose 0.4% The new administration appears committed to using tariffs, which cast a dark shadow over the outlook for global economic growth, further boosting gold's safe-haven appeal, said Ricardo Evangelista, senior analyst at ActivTrades. Source: Newsmaker.id
Silver held above $32 an ounce on Friday, holding near a three-month high hit in the previous session, as the dollar weakened and concerns eased about a global trade war that could fuel inflation.Markets await key US jobs data The US-China trade war and concerns that President Donald Trump will follow through on threats to impose tariffs on other countries, as well as his unconventional geopolitical position, support gold's role as a store of value in uncertain times. Source: ads@ Newsmaker>