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 prices steadied on Tuesday after three straight days of losses as improving risk appetite and softer US tariff rhetoric prompted profit-taking in the safe-haven asset after its recent outperformance. Trump said on Monday that auto tariffs would go into effect soon even as he indicated that not all of the levies he has threatened would be implemented by April 2 and that some countries may get waivers, a move Wall Street took as a sign of flexibility on an issue that has roiled markets for weeks. Source: Newsmaker.id
Silver prices rose above $33.10 an ounce on Monday (24/03), snapping a three-day losing streak, as safe-haven demand increased amid geopolitical tensions and economic uncertainty in the U.S. Investors are closely monitoring U.S.-led efforts to end the Russia-Ukraine war, while fighting in the Middle East escalated following an Israeli airstrike on a Gaza hospital on Sunday that killed five people. Silver also found support from a weaker U.S. dollar, as concerns mounted that President Donald Trump's tariffs could slow economic growth. This, in turn, could prompt the Federal Reserve to cut...
After experiencing a moderate increase last week, the price of Gold is now trading in the area of $ 3022 in the European session on Monday (3/24).The price of Gold is benefiting from the weakening US dollar, increasing central bank demand, and concerns about the potential for universal US tariffs, Deutsche Bank analysts said in a note. China, in particular, drives a larger portion of central bank demand, namely 48%, Deutsche Bank said.The increase in bank demand is greater than the shrinking global jewelry demand, which is expected to be at its lowest level since 1989 amid record high...
Silver prices were steady in early Asian trading on Monday, after hitting a one-week low as the U.S. dollar strengthened. The dollar's gains came after Federal Reserve Chairman Jerome Powell reiterated that the central bank is in no rush to cut interest rates further, though he hinted at two potential rate cuts this year. Adding to the pressure on silver, lingering economic concerns in China dampened the outlook for its industrial demand, as Beijing announced fresh stimulus measures without providing specifics. Source: Newsmaker.id
Gold prices remained under pressure during the early Asian session on Monday as a stronger US dollar weighed on bullion. The metal eased after hitting an all-time high on Thursday amid hopes for a Ukraine peace deal. However, potential interest rate cuts hinted at by the Federal Reserve (Fed) and ongoing economic uncertainty may limit gains for the yellow metal. On Sunday, Ukrainian and US officials held talks in Riyadh, Saudi Arabia, continuing efforts to end the three-year war as President Donald Trump pushes for a ceasefire. Ukrainian Defense Minister Rustem Umerov said that the...