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 prices held above $32.5 an ounce on Wednesday after rising more than 2% over the past two sessions, as global trade uncertainty continued to boost demand for the precious metal as a safe-haven asset. US President Donald Trump said on Tuesday he plans to impose auto tariffs "in the region of 25%" and similar duties on semiconductor and pharmaceutical imports, raising concerns about a broader trade war. Meanwhile, investors are keeping an eye on US-led efforts to resolve the war in Ukraine, which could dampen demand for safe-haven assets such as silver. Silver hit a three-month high...
Gold prices (XAU/USD) recorded a new ATH level again on Wednesday (2/19) in the European trading session. This increase occurred after the tough statement of the President of the United States (US) Donald Trump regarding Ukraine last night, just a few hours after the first talks between US and Russian officials raised concerns among market players whether a peace agreement would be realized. Meanwhile, President Trump reiterated that a 25% tariff on car imports will be implemented soon, which also applies to pharmaceutical and semiconductor imports. Meanwhile, the Federal Reserve (Fed)...
Gold (XAU/USD) attracted some sellers during the Asian session on Wednesday and gave up some of the previous day's strong move back to near record highs. The decline could be attributed to some profit-taking amid a generally positive risk tone, which tends to dampen demand for safe-haven bullion. However, uncertainty surrounding US President Donald Trump's tariff plans might continue to act as a tailwind for the precious metal.As of this writing, Gold prices are at $2,932 Source: Newsmaker.id
Silver (XAG/USD) prices surged strongly in the US session on Tuesday (2/18). The white metal recovered its intraday losses and turned positive despite many obstacles, such as strong expectations for the Federal Reserve's (Fed) 'higher for longer' interest rate stance, increasing optimism over Russia-Ukraine peace, and easing concerns from US President Donald Trump about tariffs. Source: Newsmaker.id
Gold prices rose on Tuesday (2/18) as concerns about economic growth due to uncertainty surrounding U.S. President Donald Trump's tariff plans drove safe-haven flows into bullion. Since taking office last month, Trump has rapidly changed the global trade war with a series of tariffs, while plans are already underway for a comprehensive reciprocal tariff, aimed directly at any country that taxes U.S. goods. Source: Newsmaker.id