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...
Silver prices fell below $30 an ounce on Tuesday (08/4), following increased volatility as investors continue to navigate shifting global trade dynamics and their impact on economic expectations and tariffs. The precious metal came under pressure last week amid broad risk-off sentiment, as fears of a tariff-driven global recession sparked a wave of liquidation across asset classes. Source: Newsmaker.id
Gold prices fell again on Tuesday (4/8) as the White House announced that 104% tariffs on China would go into effect at noon Eastern Time, Press Secretary Karoline Leavitt said, in retaliation for China's 34% tariffs on U.S. exports. She added that the tariffs would be levied starting April 9. Investors are now awaiting the minutes of the U.S. Federal Reserve's latest policy meeting on Wednesday for further clues on the direction of interest rate cuts. Source: Newsmaker.id
Gold prices rose on Tuesday, helped by global trade tensions between the U.S. and its major trading partners, and a weaker dollar. Spot gold rose 0.8% to $3,005.21 an ounce by 0847 GMT, after hitting its lowest level since March 13. U.S. gold futures rose 1.6% to $3,020.70. Spot gold remains up nearly 15% for the year, driven by geopolitical and economic uncertainty, strong central bank demand and rising flows into gold-backed exchange-traded funds (ETFs). Source: Newsmaker.id
Silver (XAG/USD) prices posted modest gains around $30.15 during Asian trading hours on Tuesday (4/8). Silver's gains may be limited as investors liquidate positions to secure profits, possibly covering losses or margin calls on declining asset valuations, triggered by concerns over a global trade war. However, a weaker greenback may help limit losses in the USD-denominated commodity. At the time of writing, silver prices were trading at $30,179. Source: Newsmaker.id
Silver's downtrend has stalled and may be ready to rise due to several technical factors. The economic dynamics of the US, China and India can also contribute to price changes, for the US and especially China, their large industrial sectors use Silver in various processes. In India, consumer demand for precious metals for jewelry also plays a significant role in determining prices.As of this writing, Silver is at $30,081 Source: Newsmaker.id