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...
Silver prices were little changed on Monday (3/10) after a strong weekly gain of 4.4%, as trade tensions continued to dominate the news and investors awaited U.S. inflation data for insight into the Federal Reserve's next policy move. Market uncertainty deepened after President Donald Trump warned that Canada could soon face retaliatory tariffs on dairy products and lumber. This comes after the U.S. delayed 25% tariffs on a range of Canadian and Mexican goods for a month, while Canada's retaliatory measures remain in place and China's tariffs on certain U.S. agricultural products take...
Gold prices tended to fall at the start of the European trading session, Monday (10/3), and are still stuck in the familiar range of $2897 to $2900 which has persisted for the past week or more. However, the decline remained under control amid concerns about global trade conflicts, which continue to provide support for gold bullion which is a safe haven asset. Source: Newsmaker.id
Gold edged higher in early Asian trading, supported by the prospect of a U.S. recession that could boost the precious metal's appeal as a safe haven. In an interview with Fox News on Sunday, President Trump refused to rule out a U.S. recession this year. "Traders and investors are reacting to the sharp and sudden decline in U.S. economic data," Ole S. Hansen of Saxo Bank said in a research report. Source: Newsmaker.id
Silver (XAG/USD) prices held steady on Friday (3/7) and are currently trading above the mid-$32.00s, hitting their highest levels in over a week reached the previous day. Furthermore, the near-term bias appears to be tilted towards bullish traders and supports the prospect of an extension of the weekly uptrend. Source: Newsmaker.id
Gold bullion prices edged up on Friday (3/7) so far this week. Concerns have mounted over U.S. President Donald Trump's move to impose the largest tariff increase in a century, which has sparked retaliation from several countries and unsettled investors. Economists largely anticipate the levies will lead to higher prices for consumers and slower growth, posing a challenge to the Federal Reserve's dual mandate as it seeks to promote price stability and maximum employment. Source: Newsmaker.id