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 prices fell at the start of the Asian trading session on (03/2)This was driven by President Donald Trump imposing import tariffs from Canada, Mexico, and China, with the dollar soaring beyond demand for safe assets as the world prepares for a trade war. At the time of writing, Silver Prices were at $30,907 Source: \n This email address is being protected from spambots. You need JavaScript enabled to view it.
Gold (XAU/USD) prices moved lower to around $2,795 during the early Asian session on Monday (03/02). The yellow metal faced pressure from a stronger Greenback after US President Donald Trump imposed tariffs over the weekend. On Saturday, Canada was informed that the United States would impose 25% tariffs on Canada and Mexico while China would be slapped with 10% tariffs. Canadian energy will be subject to a 10% tariff, according to CTV. The tariffs will go into effect on Tuesday. Canada, Mexico, and China have vowed to respond to the new broad tariffs on their exports to the US...
Silver prices (XAG/USD) recovered most of their losses in the European session on Friday (1/31). The white metal bounced back strongly as its outlook remains strong amid concerns that US President Donald Trump will impose 25% tariffs on Canada and Mexico. Donald Trump has also threatened to impose 100% tariffs on BRICS in an attempt to create a new currency to reduce their dependence on the US Dollar. Source: Newsmaker.id
Gold price is currently moving in the $2794 area after touching its ATH high yesterday at $2800.Gold rose to a record high as investors flocked to safe haven assets after US President Donald Trump repeated his threat to impose tariffs on Mexico and Canada and also fears that his promises to cut taxes and overhaul immigration could erode US finances and reignite inflation. Federal Reserve Chairman Jerome Powell said on Wednesday that the US central bank is in a "wait and see" mode regarding the potential impact of the new administration's policies. Source: Newsmaker.id
Silver (XAG/USD) price snapped its three-day winning streak, trading around $31.30 per troy ounce during Asian trading hours on Friday (1/31). Daily chart analysis shows continued bullish bias for the precious metal, as its price continues to rise within an ascending channel pattern. Source: Newsmaker.id