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 rose to a record high as concerns about a widening trade war remained top of mind for investors, after President Donald Trump pushed ahead with U.S. tariffs on all auto imports. Gold is on track for a fourth weekly gain, with prices supported by rising demand for safe haven assets. Markets are also bracing for a fresh round of trade levies on April 2 as the White House prepares to implement so-called reciprocal tariffs. The exact scope of the plan is unclear. Source: Newsmaker.id
Silver prices rose above $34 an ounce on Thursday (03/27), extending weekly gains to more than 2% as escalating global trade tensions fueled demand for safe-haven assets. On Wednesday, President Donald Trump announced a 25% tariff on all imported cars and light trucks, which will take effect on April 2, along with reciprocal tariffs on countries that impose levies on U.S. goods—measures he has vowed to maintain throughout his second term. Source: Newsmaker.id
Gold prices edged up, as of this writing, trading at $303. Prices have been hovering near record highs since U.S. President Donald Trump announced tariffs on all auto imports, escalating trade tensions and boosting demand for safe-haven assets. Traders are now waiting to see how the dollar will react to Friday's personal consumption expenditures price index data. However, "this data will not be too important considering we just heard from Powell last week - the Fed is in no rush, tariff inflation is 'transitory'," said analysts at Peak Trading Research.Source: Newsmaker.id
Gold prices were steady for a second day Thursday (3/27), near a record high as U.S. President Donald Trump announced tariffs on all auto imports, escalating trade tensions and boosting demand for safe-haven assets. On Wednesday, Trump signed a proclamation to impose a "permanent" 25% tariff on all cars not made in the U.S. starting April 2. However, concerns that the president would further escalate trade tensions between the U.S. and global partners were eased when he said some of the reciprocal duties to be announced next week would be "very soft." Trump also said he would consider...
Currently, the price of gold continues to move in the $3012-$3028 area on Wednesday (3/26).Meanwhile, Copper metal is in the spotlight after United States (US) President Donald Trump said on Tuesday that Copper tariffs will be implemented in the coming weeks, which is much faster than the market anticipated.From the geopolitical side, there is also a major risk in Ukraine, where a Black Sea ceasefire agreement is being discussed. Ukrainian President Volodymyr Zelenskiy quickly supported the breakthrough and said his country was ready to comply with it immediately. Source: Newsmaker.id