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 above the $3,000 level on Tuesday (03/18), hitting a new record high as demand for safe-haven assets strengthened ahead of the US Federal Reserve's interest rate decision. With the Fed expected to leave interest rates unchanged, investors will focus on the central bank's latest economic projections and Chairman Jerome Powell's press conference for signals on future policy direction, especially amid trade and tariff concerns. Geopolitical tensions are also contributing to market uncertainty. Source: Newsmaker.id
Gold prices rose above $2,998 per ounce after Retail Sales data was released. This is supported by increasingly heated Geopolitical factors, Trump Tariffs and weak US Retail Sales data results, which can lift the movement of Gold prices up. New geopolitical risks boosted gold bullion prices after the US said it would continue its attacks on Yemen's Houthis until they stop attacks on shipping in the Red Sea. Source: Newsmaker.id
Silver prices fell after continuing their upward momentum for the fourth straight day, during European trading hours on Monday. However, the white metal's downside potential appears limited due to economic uncertainty over the impact of the global trade war and a weakening Greenback. Source: Newsmaker.id
Gold rose above $2,980 an ounce on Monday (03/17), holding near a record level, amid strong safe-haven demand. Fresh geopolitical risks boosted bullion prices after the U.S. said it would continue its offensive against Yemen's Houthis until they stop attacks on shipping in the Red Sea. In addition, concerns over an escalating trade war, sparked by a tariff exchange between the U.S. and its major trading partners, further strengthened gold's appeal as a safe haven. Source: Newsmaker.id
Silver (XAG/USD) prices fell after extending its upward momentum for the fourth straight day, during European trading hours on Friday (3/14). Silver's gains were limited as the US Dollar (USD) continued to strengthen. A stronger USD makes Silver more expensive for foreign buyers, potentially dampening demand Source: Newsmaker.id