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 traded around $32.50 on Friday (07/03), heading for a weekly gain, supported by its appeal as a safe haven asset amid shifting global trade policies. While President Donald Trump halted the 25% tariffs imposed this week on most goods from Canada and Mexico, Canada's initial retaliatory tariffs remain in place, and China's measures come into effect next week. Meanwhile, U.S. jobs data painted a mixed picture, with the Challenger report showing layoffs jumped to a 2020 high, while jobless claims fell more than expected last week. Source: Newsmaker.id
Gold prices fell on Friday (3/7) in early Asian trading.Investors are currently watching the latest developments surrounding tariffs and their impact on the U.S. economy as well as the Federal Reserve's decision. President Donald Trump exempted Mexican and Canadian goods covered by the North American trade agreement known as the USMCA from his 25% tariffs, offering a major reprieve for the U.S.'s two largest trading partners. Source: Newsmaker.id
Silver (XAG/USD) prices fell on Thursday (06/03) and eroded some of the weekly gains recorded over the past three days. The white metal is currently trading above the mid-$32.00s, down 0.35% for the day, although the near-term bias seems tilted towards bullish traders and supports prospects for further appreciating moves. Source: Newsmaker.id
Gold prices fell on Thursday as investors digested the latest developments surrounding tariffs and their impact on the U.S. economy and the Federal Reserve's decision. There was more movement on the tariff front on Wednesday, with President Donald Trump delaying new levies imposed on Mexico and Canada by automakers for a month. The move sent yields on Treasury bonds sliding to their lowest levels this year amid growing investor confidence that a trade-related slowdown in growth will prompt the Fed to cut interest rates several times in 2025. Lower borrowing costs and falling yields tend to...
Silver extended its rally above $32 an ounce in early March, supported by a weaker dollar and rising safe-haven demand amid rising global trade tensions. The US imposed tariffs on Canadian and Mexican imports on Tuesday, along with an additional 10% duty on Chinese goods, raising the cumulative tariffs on China to 20%. Source: Newsmaker.id