Gold prices (XAU/USD) fell slightly in the Asian session on Monday (December 29th) after previously reaching a record high of around $4,550 per ounce. This correction was triggered by profit-taking ahead of the year-end holidays when market liquidity was thin, coupled with the effect of a strengthening US dollar, which made gold more expensive for buyers outside the US.Nevertheless, gold's overall trend remains strong, having risen nearly 70% so far in 2025 (its best performance since 1979). Expectations of a Fed rate cut in 2026 and geopolitical tensions helped contain the decline, while...
Silver prices extended their gains for a third session on Monday (5/12). The precious metal was supported by news that Canadian miner Pan American Silver will acquire MAG Silver Corp in a deal that values the company at about $2.1 billion, according to Reuters. Meanwhile, geopolitical tensions continued to provide support for silver. India warned Pakistan of potential retaliation for recent ceasefire violations, a claim denied by the Pakistani military. Source: Newsmaker.id
Gold (XAU/USD) prices fell in early Asia on Monday (5/12), pressured by a stronger US Dollar. Meanwhile, optimism in US-China trade talks in Geneva, Switzerland, over the weekend has dragged the precious metal lower. The US and China reported "substantial progress" after two days of talks in Switzerland aimed at de-escalating a trade war. China's Vice Premier He Lifeng described trade talks with US officials as "an important first step" in stabilising bilateral trade relations. Additionally, US Treasury Secretary Scott Bessent said the two sides made "substantial progress. Nonetheless,...
Gold rose as markets digested comments on tariffs from US President Donald Trump ahead of a weekend meeting between the US and China.President Trump, meanwhile, said that an 80% tariff on Chinese goods "seems appropriate" as representatives prepared for weekend talks to contain a trade war between the world's two largest economies.As of this writing, Gold is at $3,339 Source: Newsmaker.id
Silver prices were steady around $32.50 an ounce on Friday (9/5), after a volatile week as investors remained cautious ahead of high-stakes US-China trade talks scheduled for later this week in Switzerland. The upcoming talks will pit Chinese Vice Premier He Lifeng against US Treasury Secretary Scott Bessent, as both sides seek to defuse escalating tariff tensions. Source: Newsmaker.id
Gold was steady at $3,325 in Europe on Friday (9/5). On the other hand, progress in global trade negotiations after the US announced a deal with the UK and ahead of a meeting that thaws the atmosphere with China has eased demand for safe-haven assets in recent days. However, market observers said investors were wary of the limited scope of the UK agreement and were looking at the upcoming meeting between Washington and Beijing with cautious optimism, as negotiations could be long and drawn out. Source: Newsmaker.id