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 was above $2,995 an ounce on Friday in the trading session. It appears poised to post a strong gain for the second straight week. Meanwhile, Investors remain concerned about the potential economic impact of US President Donald Trump's aggressive trade policies.This, along with speculation that the Federal Reserve (Fed) will cut interest rates several times in 2025, turned out to be the main factors that acted as a driver for the non-yielding yellow metal. Source: Newsmaker.id
Gold hovered above $2,980 an ounce on Friday, a record high and poised for a weekly gain of more than 2%, boosted by risk aversion and rising expectations of a Federal Reserve interest rate cut. In the latest escalation of U.S. President Donald Trump's multi-front trade war, he warned of 200% tariffs on European wine and other spirits after the EU imposed a 50% tax on American whiskey exports. Source: Newsmaker.id
Silver (XAG/USD) prices fell on Thursday (3/13). As Investors are now waiting for the US Producer Price Index (PPI) data due later today to gain further insight into the Fed's monetary policy. Source: Newsmaker.id
Gold prices continued to show their strength in the European trading session on Thursday (3/13).The appeal of gold as a safe haven asset that is growing rapidly may surge to a record high of $3,500 per ounce during the third quarter, according to Macquarie Group analysts.This is still supported by uncertainty surrounding geopolitics and US President Donald Trump's tariff policies. The worsening US budget outlook suggests inflation could increase, which will benefit gold as a hedge, according to Macquarie. Source: ads- Newsmaker.id
Gold edged up in early Asian trading. The European Union and Canada announced retaliatory tariffs against the US on Wednesday, further raising the prospect of a global trade war after the US imposed levies on global steel and aluminium imports. Gold rallied to bring it back near a record, after weaker-than-expected US inflation supported further Federal Reserve monetary easing this year, while an escalating global trade war prompted safe-haven buying. Source: Newsmaker.id