Silver prices strengthened on Wednesday (August 13th) amid positive sentiment in the precious metals market. This strengthening was driven by a weakening US dollar following the release of weaker-than-expected US economic data, fueling speculation that the Federal Reserve could soon cut interest rates. Silver demand was also supported by a solid industrial outlook, particularly in the renewable energy and manufacturing sectors, strengthening its appeal as both a safe haven asset and an industrial commodity. Source: Newsmaker.id(alg)
Gold prices held steady in the $2647 area entering the European trading session today.Traders currently appear reluctant and prefer to wait for further cues on the Federal Reserve's (Fed) interest rate cut signal before positioning themselves for the next move in directional movement. Therefore, the focus remains on this week's important US macro releases, including the closely watched Nonfarm Payrolls (NFP) report on Friday. Source: NewsMaker 23
Silver prices (XAG/USD) fell on Monday (2/12). Silver is trading at around $30 per troy ounce, down 1.1% today. This was driven by the US dollar's rebound due to optimism about the US economic outlook. Meanwhile, investors are now focused on a key political meeting in China this month for potential policy announcements, which could help assess the outlook for the world's top metal consuming nation. Silver price at the time of this news release -1.1% which is at the level of $ 30,277. Source: Newsmaker
Gold prices (XAU/USD) weakened at the start of the week, in the Asian trading session on Monday (2/12). This was due to pressure from the strengthening dollar and profit taking, while investors await key US economic data as a signal regarding the Federal Reserve's monetary policy outlook. This week, key US economic data will be released that could influence market expectations regarding monetary policy. Among the most significant reports are US job openings, the ADP employment report, and the nonfarm payrolls report. In addition to these data points, several Federal Reserve officials,...
Silver (XAG/USD) continued its upward movement around $30.70 during Friday's European session. The upward momentum was largely driven by rising geopolitical concerns. Russian President Vladimir Putin's recent warning of a potential nuclear-capable missile strike on Ukraine, following a large-scale attack on Ukrainian energy infrastructure, has fueled market uncertainty. Meanwhile, the Middle East has seen some stabilization with the ceasefire between Israel and Hezbollah remaining stable. The ceasefire, facilitated by diplomatic efforts from the US and France, has allowed residents to...
Gold rose in European trading on Friday as the dollar weakened and geopolitical concerns continued to mount. The precious metal gained on safe-haven demand amid the escalating Russia-Ukraine conflict. However, prices continued to be weighed down by the dollar's continued strength. The metal is down 3.5% in a month. Donald Trump's victory in the U.S. presidential election in early November sparked a selloff as investors took profits and liquidated hedged positions. Source: newsmaker.id