Gold (XAU/USD) prices pared some of their intraday losses, although they remained pressured below the $3,400 level and above the two-week high reached last Friday. Amid optimistic market sentiment, the moderate strengthening of the US dollar (USD) prompted profit-taking around the commodity after its recent gains over the past week or so. However, a combination of factors helped limit the decline in the precious metal. Source: Newsmaker.id
Silver prices rose above $36.50 per ounce on Thursday (July 10), ending a three-day losing streak as a weakening US dollar and a sharp drop in Treasury yields boosted demand for the precious metal. This movement followed the minutes of the Federal Reserve's last meeting, which showed that most policymakers were open to cutting interest rates later this year. Source: Newsmaker.id
Geopolitical tensions and President Donald Trump's aggressive trade policies have also weighed on market sentiment. Trump has refused to extend tariffs targeting 14 countries and announced new tariffs of up to 50% on copper imports, as well as threats of 200% tariffs on pharmaceutical products.As of this writing, the price of silver is at $36,529. Source: CP-Newsmaker.id
Expectations that high US tariffs will support inflation in the coming months and force the Federal Reserve to keep interest rates stable for an extended period continue to support rising US Treasury bond yields.As of the release of this news, the price of gold was at $3,288. source: CP-Newsmaker.id
Spot silver prices fell slightly by around 0.2%. This decline was part of a measured correction following a sharp rally in early June, when prices briefly reached a 13-year high. On the fundamental side, industrial demand—particularly for clean technology sectors such as solar panels, electric vehicles, and 5G—remained the main driver of the increase. Although global supply remains tight, the production surplus is not keeping pace with surging demand. Similarly, geopolitical pressures are increasing interest in precious metals as a safe haven. Source: Newsmaker.id
Gold prices are currently hovering around $3,296. This decline was driven by global economic supply, a strengthening USD, and the lead-up to tonight's FOMC minutes. The nearest resistance level is at $3,310, while strong support is at $3,265. The market's current focus is on Trump's tariff decision and the FOMC minutes, which could be the catalyst for the next move. Source: ads-Newsmaker.id