Silver prices held above $38.50 per ounce on Thursday (August 14th), hovering near a three-week high as expectations of a deeper Federal Reserve interest rate cut this year buoyed the market. Weaker US inflation data suggested that President Donald Trump's tariffs were not adding to price pressures, while signs of a weakening labor market reinforced the dovish outlook. The market is almost fully pricing in a September rate cut, with some anticipating a larger 50 basis point cut. Additionally, Treasury Secretary Scott Bessent called for multiple rate cuts and said the Fed could begin...
Gold (XAG/USD) prices moved lower amid a quiet post-Christmas holiday trade, trading near $29 during the Asian session on Friday(12/27).Non-yielding silver gained traction as modest US PCE inflation data challenged expectations of limited Fed rate cuts next year, hinting.The safe-haven appeal was supported by rising geopolitical risks stemming from the prolonged Russia-Ukraine conflict and ongoing tensions in the Middle East. Source: Newsmaker.id
Gold prices moved in the $2632 placement area in the Asian session on Friday (12/27).This precious metal has become a safe haven asset that can find support to rise as the market anticipates signals regarding the United States (US) economy under the upcoming Trump administration and the outlook for Federal Reserve (Fed) interest rates for 2025.Until this news was released, the Gold Price was at $2,632 Source: Newsmaker.id
Silver moved above $29.50 an ounce, recovering from a three-month low of $29 hit on Dec. 19 as markets reconsidered the expected level of hawkishness from the Fed next year. Lower-than-expected core PCE prices in November eased concerns about overly tight interest rates fueled by hawkish projections from FOMC members, lowering bond yields and supporting the precious metal.As of this writing, Silver is at $29,726 Source: Newsmaker.id
Gold prices rose again, boosted by demand for safe havens amid low trading volumes after the Christmas holiday as markets await signals on the U.S. economy under the incoming Trump administration and the Federal Reserve's interest rate strategy for 2025. Part of the rise in gold prices is related to what is happening in Ukraine with Russia's attack on Ukraine's power system. President Joe Biden said Wednesday that he asked the U.S. Defense Department to resume a surge in arms shipments to Ukraine after condemning Russia's Christmas Day attacks on several Ukrainian cities and its power...
Gold prices in the short and medium term, prices may experience fluctuations and volatility because there is no overall driving force amid the holidays, analysts at Nanhua Futures wrote in a note.As of this news release, Gold prices are at $2,626 Source: Newsmaker.id