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...
Silver prices (XAG/USD) rose in European trading hours on Wednesday (3/12), the highest level seen in more than two weeks. The white metal strengthened as deepening fears of a slowdown in the United States (US) economy have weakened the US Dollar (USD). Investors expect the US economy to be exposed to recession as President Donald Trump's tariff policies could weigh on consumer demand in the near term, assuming the tariffs will be inflationary. Fears of a US recession increased after comments from US Commerce Secretary Howard Lutnick in a CBS interview on Tuesday suggested that the...
Gold prices are steady in the $2018 range in Europe and ahead of US Inflation data.Investors weigh Trump's latest move to ease his trade war threat against Ontario just hours after saying he would double tariffs on Canadian steel and aluminum to 50%. The president also downplayed the risk of a recession caused by tariffs. Source: Newsmaker.id
Gold edged up early in the Asian session, supported by concerns about a global economic slowdown that could be triggered by tariffs. President Trump on Tuesday threatened to double tariffs on Canadian metals, but later backed off the threat after the province of Ontario dropped a surcharge on electricity bound for the U.S. There are growing concerns about a potential economic slowdown in the U.S., FlowCommunity's Ruben Ferreira said in an email. Source: Newsmaker.id
Gold prices moved above the $2900 area during the European session on Tuesday (11/3).This was supported by the effect of the headline from the leaders of the German Green coalition, who said this morning they had given the green light to a defense spending deal. That boosted confidence in the Euro (EUR) and triggered a new decline in the US Dollar Index (DXY), which opened the door for Bullion to surge. Source: Newsmaker.id
Silver prices (XAG/USD) surged sharply in the European session on Tuesday (11/3). The white metal strengthened as the US Dollar (USD) faced a sharp sell-off, with investors being cautious about the outlook for the United States (US) economy due to President Donald Trump's tariff agenda. The US Dollar Index (DXY), which tracks the value of the Greenback against a basket of six major currencies, fell near 103.35, the lowest level seen in four months. A lower US Dollar makes precious metals, such as Silver, more attractive to investors. Source: Newsmaker.id