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 rose to a record high as investors flocked to safe havens after U.S. President Donald Trump repeated threats to impose tariffs on Mexico and Canada. Bullion rose as much as 0.2% to $2,799.65 an ounce after prices jumped 1.3% on Thursday, surpassing their previous all-time high set in October. The surge came after Trump said he would follow through with a 25% levy on imports from Canada and Mexico on Feb. 1. He also threatened China with tariffs, without specifying the level. Source: Newsmaker.id
Silver (XAG/USD) prices rose on Thursday (1/30). The precious metal maintained its gains amid dovish signals from major central banks. However, Silver's gains were limited as the Fed delivered an aggressive message by removing language that indicated confidence in inflation moving towards its 2% target. In addition, the central bank acknowledged strong economic growth and labor market conditions. Source: Newsmaker.id
Gold attempted to enter positive territory on Thursday (1/30) as the dollar weakened, while investors focused on U.S. President Donald Trump's tariff plans and a key inflation report for further monetary policy cues. Earlier this week, the White House said Trump still planned to hit Mexico and Canada with steep tariffs on Saturday and that he was "strongly" considering some tariffs on China. Source: Newsmaker.id
Silver (XAG/USD) prices extended gains for the third straight session, trading around $30.90 per troy ounce during Asian trading hours on Thursday (30/1). The precious metal maintained its gains amid dovish signals from major central banks. The Bank of Canada (BoC) has ended its quantitative easing and joined Sweden's Riksbank in delivering an interest rate cut Source: Newsmaker.id
Gold prices moved lower as the US Federal Reserve (Fed) turned hawkish. The Fed dropped inflation language, indicating a shift towards keeping interest rates unchanged. XAU/USD traded volatilely in the range of $2,750 - $2,740 as Fed Chair Jerome Powell delivered his statement. Source: Newsmaker.id