Silver prices have strengthened again following growing confidence that the US Federal Reserve will cut interest rates. When interest rates fall, precious metals like silver become more attractive because their value tends to stabilize amid economic uncertainty. Furthermore, many investors are starting to view silver as a hedge against inflation and a weakening US dollar. This increase is also driven by increasing demand from the technology and green energy industries. Silver is widely used in solar panels and electric vehicles, thus strengthening its prospects for a clean energy...
Gold prices continued their record on Tuesday (2/11) and broke through the key level of $2,921 for the first time, supported by safe haven demand as US President Donald Trump's new tariff threats amplified concerns about trade wars and inflation. Meanwhile, investors will focus on Federal Reserve Chairman Jerome Powell's testimony before Congress on Tuesday and Wednesday for clues on the trajectory of monetary policy. Source: Newsmaker.id
Silver held steady on Tuesday (2/11), recovering some of the previous session's losses as US President Donald Trump's tariff warnings fueled safe-haven demand for the metal. Trump announced a 25% blanket tariff on all steel and aluminum imports, effective today, with additional tariffs to be announced on Tuesday or Wednesday. The precious metal was supported by a weaker dollar, as concerns over escalating global trade tensions eased Source: Newsmaker.id
Gold extended its record high on Tuesday (2/11) and broke through the key $2,900 level for the first time, boosted by safe-haven demand as U.S. President Donald Trump's new tariff threats heightened fears of a trade war and inflation. Trump announced plans on Sunday to impose an additional 25% tariff on all steel and aluminum imports. He also said he would announce reciprocal tariffs this week, matching those imposed by other countries and implementing them immediately.' Source: Newsmaker.id
Silver prices rose again on Monday, recovering some of the previous session's losses as U.S. President Donald Trump's tariff warnings boosted safe-haven demand for the metal. Trump announced a 25% blanket tariff on all steel and aluminum imports, effective today, with additional tariffs to be announced on Tuesday or Wednesday. The announcement coincided with China's retaliatory tariffs on certain U.S. exports, which are set to take effect today. Meanwhile, German Chancellor Olaf Scholz said the EU was ready to respond "within an hour" if the U.S. imposes tariffs on European goods. Silver...
Gold prices rose again in the Asian session on Monday in response to US President Donald Trump's plan to impose a new 25% tariff on all steel and aluminum imports into the US. The announcement sparked concerns about a global trade war and benefited the precious metal, which is a safe haven. In addition, expectations that Trump's protectionist policies will rekindle inflation turned out to be another factor supporting the commodity's status as a hedge against rising prices. Source: Newsmaker.id