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 prices started the week with a decline in the Asian session on Monday and moved away from its highest level since late October, around $2,786 reached on Friday. The US dollar (USD) strengthened again after President Donald Trump refrained from imposing threatened tariffs on Colombia as the two countries reached a deal on the repatriation of deported migrants. Looking ahead, investors will await the US Central Bank meeting and the possibility that the Federal Reserve (Fed) will keep interest rates steady. Source: Newsmaker.id
Silver prices continued to strengthen in European trading on Friday (1/24). Demand for non-interest bearing silver increased following comments made by US President Donald Trump on Thursday night.In addition, industrial demand for silver may have strengthened following comments by US President Donald Trump about his preference to avoid tariffs on China, the world's largest metals consumer and manufacturing hub. Trump expressed optimism about reaching a deal with China after a conversation with President Xi Jinping on Thursday, indicating potential progress in US-China trade...
Gold (XAU/USD) prices maintained their bullish bias heading into the European session on Friday (1/24) and touched a fresh multi-month high, around the $2,778 region in the last hour. Comments by US President Donald Trump, who said that he would prefer not to use tariffs on China, helped ease trade war fears and inflation concerns. This, in turn, triggered a fresh leg down in the US Treasury bond yields amid Trump's call for lower interest rates, which dragged the US Dollar (USD) to a one-month low and boosted demand for the non-yielding yellow metal. Source: Newsmaker.id
Silver prices rose slightly on Friday (1/24) after US President Donald Trump's trade plan added to the dollar and increased demand for silver. The dollar (DXY), down more than 1% this week, headed for its worst weekly decline in two months, sending spot silver up 1.1% to $30.78 per ounce. Source: Newsmaker.id
Gold prices held near their highest levels on Friday (1/24) as traders weighed President Donald Trump's latest tariff threats against Europe, along with his pledge to push for more interest rate cuts. Bullion hit an intraday high in Asia at $2,777 an ounce and was on track for a weekly gain of about 2%, supported by haven demand amid concerns about the global economic outlook under the new U.S. administration. Source: Newsmaker.id