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 bullion prices edged up on Friday (3/7) so far this week. Concerns have mounted over U.S. President Donald Trump's move to impose the largest tariff increase in a century, which has sparked retaliation from several countries and unsettled investors. Economists largely anticipate the levies will lead to higher prices for consumers and slower growth, posing a challenge to the Federal Reserve's dual mandate as it seeks to promote price stability and maximum employment. Source: Newsmaker.id
Silver traded around $32.50 on Friday (07/03), heading for a weekly gain, supported by its appeal as a safe haven asset amid shifting global trade policies. While President Donald Trump halted the 25% tariffs imposed this week on most goods from Canada and Mexico, Canada's initial retaliatory tariffs remain in place, and China's measures come into effect next week. Meanwhile, U.S. jobs data painted a mixed picture, with the Challenger report showing layoffs jumped to a 2020 high, while jobless claims fell more than expected last week. Source: Newsmaker.id
Gold prices fell on Friday (3/7) in early Asian trading.Investors are currently watching the latest developments surrounding tariffs and their impact on the U.S. economy as well as the Federal Reserve's decision. President Donald Trump exempted Mexican and Canadian goods covered by the North American trade agreement known as the USMCA from his 25% tariffs, offering a major reprieve for the U.S.'s two largest trading partners. Source: Newsmaker.id
Silver (XAG/USD) prices fell on Thursday (06/03) and eroded some of the weekly gains recorded over the past three days. The white metal is currently trading above the mid-$32.00s, down 0.35% for the day, although the near-term bias seems tilted towards bullish traders and supports prospects for further appreciating moves. Source: Newsmaker.id
Gold prices fell on Thursday as investors digested the latest developments surrounding tariffs and their impact on the U.S. economy and the Federal Reserve's decision. There was more movement on the tariff front on Wednesday, with President Donald Trump delaying new levies imposed on Mexico and Canada by automakers for a month. The move sent yields on Treasury bonds sliding to their lowest levels this year amid growing investor confidence that a trade-related slowdown in growth will prompt the Fed to cut interest rates several times in 2025. Lower borrowing costs and falling yields tend to...