Silver prices are currently trading above $74.49 per ounce in the US session on Friday (December 26th), extending a remarkable rally that began several months ago, fueled by geopolitical tensions and a weakening US dollar. This surge was fueled by continued speculation, supply dislocations in major trading centers, and a large influx of funds into silver-backed ETFs. Rising demand, from both the investment and industrial sectors, has made silver a leading choice amidst the global economy.Silver is also supported by fundamental factors such as rising geopolitical tensions and concerns about...
Gold tended to move sideways at the start of the Asian session on Monday (4/14) as the market considered the latest US trade news from President Donald Trump, who has turned to safe assets amid growing confusion over his tariff agenda. Source: Newsmaker.id
Silver rose above $32.10 an ounce on Friday (11/4). The metal also benefited from rising inflows into safe-haven assets, with the dollar losing some of its appeal as a traditional safe-haven asset. Despite the 90-day tariff suspension, investors remain uneasy about President Trump's trade policies and their potential to plunge the US economy into recession. Source: Newsmaker.id
Gold rose to a new record high above $3,200 an ounce on Friday as concerns about the impact of tariffs on the global economy boosted bullion's appeal as a haven for investors. Gold's safe-haven status has been bolstered this week, with President Donald Trump's U-turn on tariffs sparking a panic sell-off in stocks, bonds and the U.S. dollar as fears of a global recession gripped Wall Street. In particular, the sell-off in U.S. Treasury bonds highlighted the declining appetite for U.S. assets and raised questions about whether the country's debt remains a safe haven. Source: Newsmaker.id
Silver rose above $31.20 an ounce on Friday (11/4), marking its third straight session of gains, as broad-based US dollar weakness and renewed economic concerns fueled demand for alternative assets. The metal also benefited from rising inflows into safe-haven assets, with the dollar losing some of its appeal as a traditional safe haven. Despite the 90-day tariff suspension, investors remain uneasy about President Trump's trade policies and their potential to tip the US economy into recession. Source: Newsmaker.id
Gold continued to record new highs, moving above the $3,200 level for the first time on Friday (11/4), driven by a weakening US dollar and economic concerns due to the escalating trade war. Despite the 90-day tariff suspension, investors remain concerned about President Trump's trade policies and their potential to drag the US economy into recession. Meanwhile, the price of gold when this news was released rose 1.7% to the level of $3229/ toz. Source: Newsmaker.id