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 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
Gold is still in positive territory due to the influence of the trade war. While Trump will announce reciprocal tariffs on many countries next week.The People's Bank of China has increased its gold reserves for the third month in January.The precious metal moved up as rising trade tensions prompted investors to seek protection in safe haven assets.As of this news release, the price of gold is at $2,870. Source: Newsmaker.id
Silver held steady to post its fifth straight weekly gain. The precious metal was supported by a weaker dollar, as concerns over escalating global trade tensions eased.Both the US and China have taken a more cautious stance on tariffs, with US President Donald Trump and Chinese President Xi Jinping set to discuss trade developments, potentially reversing some of the existing restrictions. Silver is also benefiting from expectations that the US Federal Reserve will continue to cut interest rates this year, with markets pricing in two quarter-point cuts.As of this writing, silver is at...
Silver held steady above $32.20 an ounce on Friday, on track to post a fifth straight weekly gain. The precious metal was supported by a weaker dollar, as concerns over escalating global trade tensions eased. Silver also benefited from expectations that the U.S. Federal Reserve will continue to cut interest rates this year, with markets pricing in two quarter-point cuts. Source: Newsmaker
Gold rose on Friday (2/7) and was on track for a sixth straight weekly gain on trade-war-fueled safe-haven demand, while attention turned to the upcoming U.S. nonfarm payrolls report for cues on the Federal Reserve's interest rate path. Spot gold prices rose 0.4% The new administration appears committed to using tariffs, which cast a dark shadow over the outlook for global economic growth, further boosting gold's safe-haven appeal, said Ricardo Evangelista, senior analyst at ActivTrades. Source: Newsmaker.id