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...
Gold prices were steady on Wednesday (3/26) near a record high after U.S. consumer confidence fell sharply, signaling trouble for the U.S. economy. Consumer confidence fell to a four-year low in March on concerns about escalating trade wars and higher prices, adding to gold's appeal as a safe haven asset. Meanwhile, the U.S. announced that Russia and Ukraine had reached a ceasefire deal in the Black Sea. The Kremlin confirmed the statement, but said it was conditional on Washington lifting sanctions on banks and companies involved in agricultural exports. Source: Newsmaker.id
Silver prices held steady above $33 an ounce on Tuesday, recovering from recent losses as trade uncertainty and broader economic concerns fueled demand for safe-haven assets. Hopes that US President Donald Trump could take a more targeted approach to tariffs before an April 2 deadline provided some relief to markets. However, his pledge on Monday to impose levies on auto, pharmaceutical and other industries added to the uncertainty. Meanwhile, expectations of further interest rate cuts from the US Federal Reserve also supported silver prices. Source: Newsmaker.id
Gold prices were stable on Tuesday (3/25) in the European session.After three consecutive days of losses, Gold is currently trading in the $3020 area. "Uncertainty remains over the level and scope of upcoming US reciprocal tariffs... gold continues to find support as a hedge against potential surprises," said IG market strategist Yeap Jun Rong. Trump's tariff policy is widely considered to contribute to slowing economic growth, fueling further trade tensions, and fueling inflation. Source: Newsmaker.id
Silver (XAG/USD) prices snapped a four-day losing streak during Asian market hours on Tuesday (3/25). The recovery was driven by rising safe-haven demand amid rising geopolitical tensions. The United Nations (UN) announced on Monday that it would reduce its international staff in Gaza by about a third after Israeli airstrikes killed hundreds of civilians, including UN personnel. After a two-month ceasefire brought relative calm to the 18-month war, Israel resumed a full-scale air and ground campaign against Hamas on Tuesday. Source: Newsmaker.id
Gold prices steadied on Tuesday after three straight days of losses as improving risk appetite and softer US tariff rhetoric prompted profit-taking in the safe-haven asset after its recent outperformance. Trump said on Monday that auto tariffs would go into effect soon even as he indicated that not all of the levies he has threatened would be implemented by April 2 and that some countries may get waivers, a move Wall Street took as a sign of flexibility on an issue that has roiled markets for weeks. Source: Newsmaker.id