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 hovered around $30.50 an ounce, trading in a narrow range since hitting a one-month high of $30.80 on Jan. 22 as support from speculation of looser monetary policy by the U.S. Fed weighed on waning demand for silver among industrials. The Fed is set to keep interest rates unchanged this week, but investors are hoping that Chairman Powell will refrain from making overly aggressive guidance after the latest CPI data showed weakness in underlying inflation. Source: Newsmaker.id
Gold prices held steady on Tuesday (1/28) as traders weighed President Donald Trump's latest tariff threats, while clouds hung over the stock market due to a decline in global technology stocks. Bullion was trading near $2,742 an ounce after Trump said he would impose tariffs on steel, aluminum and copper imports, without providing details on the amount. Source: Newsmaker.id
Gold prices are down more than 1% from near-record highs as investors liquidate bullion positions, following a broader market selloff fueled by growing interest in Chinese AI startup DeepSeek.The sharp decline in global equity markets has prompted a risk-off move across other asset classes, with U.S. Treasury yields falling to a three-week low and the dollar index hitting its lowest since Dec. 18.As of this writing, gold is at $2,740 Source: Newsmaker.id
Silver prices (XAG/USD) halted their gains on Monday (1/27). The metal faces challenges with the upcoming US Federal Reserve (Fed) policy decision this week. There is widespread anticipation that the Fed will maintain its current interest rates, marking the first pause in its rate-cutting cycle. Uncertainty surrounding US President Donald Trump's trade and immigration policies could prompt the Federal Reserve to remain cautious in cutting rates this year. Trump's policies are considered inflationary, which may cause the central bank to keep interest rates higher for a longer period,...
Gold prices started the week with a decline in Asia and entered Europe. Driven by dovish global central bank policies, geopolitical risks and stubborn inflation, said Alex Chiu, senior strategist at Value Partners.Strong investment flows, resilient Asian consumer demand and continued central bank buying are likely to offset potential headwinds from an aggressive shift in US monetary policy. With the macroeconomic outlook clouded by recession risks and policy uncertainty, gold's appeal as a safe haven and inflation hedge will maintain its upside through 2025 and beyond, he added. Source:...