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...
Gold Holds Near Record High as Weak U.S. Data Sparks Higher Valuable Asset Buying Gold is trading slightly below last week's record high as unexpectedly weak economic data and rising inflation expectations helped boost demand for higher valuable assets. Gold is trading at $2,937 an ounce, after posting its eighth weekly gain, its longest winning streak since 2020. The rally was supported by a sharp increase in demand for bullion-backed exchange-traded funds, with holdings last week jumping the most since 2022. As of this writing, gold is at $2,937 Source: Newsmaker.id
Silver (XAG/USD) prices faced pressure during North American trading hours on Friday (21/2). The white metal fell as the US Dollar (USD) strengthened, with Federal Reserve (Fed) officials continuing to direct a tight monetary policy stance. The US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, rose near 106.75. Source: Newsmaker.id
Gold bullion fell slightly on Friday (21/2) but is still up more than 1% for the week, with trading marked by a sharp increase in holdings in bullion-backed exchange-traded funds. An eighth weekly gain would be the longest winning streak since 2020. Source: Newsmaker.id
Silver prices climbed toward $33 per ounce on Friday, hovering close to four-month highs as trade and geopolitical uncertainties drove demand for safe-haven metals. Earlier this week, US President Donald Trump announced plans to impose tariffs on imports of automobiles, semiconductors, and pharmaceuticals, while subsequently adding lumber and forest products, reigniting fears of a broader global trade war. Market anxiety also deepened following Trump's remarks calling Ukrainian President Volodymyr Zelenskiy a dictator amid ongoing peace talks with Russia to end the war in...
Gold prices fell on Friday (21/2) but were headed for an eighth straight weekly gain after hitting two consecutive record highs, as safe-haven demand remained strong amid concerns over U.S. President Donald Trump's tariff plans. Spot gold fell 0.4% to $2,926.54 an ounce by 0945 GMT. Bullion is up about 1.5% this week after rising to a record $2,954.69 on Thursday. U.S. gold futures fell 0.5% to $2,940.90. Source: Newsmaker.id