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 (XAU/USD) prices fell to around $2610 ahead of the US session on Monday (6/1). Since then, gold prices have started to weaken amidst persistently high US yields. The knee-jerk reaction increased after headlines emerged that President-elect Donald Trump might consider possibly imposing universal tariffs on essential imports. Gold prices at the time of this news release were -0.8% or at $2619/Toz. Source: Newsmaker
Silver prices rose around $30 per ounce on Monday (6/1) as investors cautiously await key US economic data that could influence the Federal Reserve's monetary policy outlook. Among the upcoming reports, the market is mainly focused on the US monthly jobs report due on Friday, which could provide insight into whether silver will recover further. The white metal is also getting support from the positive economic outlook in China, the world's largest silver consumer. Source: Newsmaker.id
Gold (XAU/USD) prices fell again for the second day in a row after experiencing an intraday increase in the $2647-2,648 area on Monday and moved further away from the highest level in almost three weeks reached on Friday last week. Meanwhile, the Federal Reserve's (Fed) hawkish signal that they will slow the pace of interest rate cuts in 2025 continues to support the increase in US Treasury bond yields and turned out to be the main factor driving the outflow of this yellow metal. Gold prices when this news was released were at $2632/ Toz. Source: Newsmaker
Silver prices rebounded from a near four-month low, as gold prices rose as ongoing geopolitical and economic uncertainty fueled demand for the precious metal as a safe-haven asset.US President Joe Biden was reportedly briefed on contingency plans to strike Iran's nuclear facilities if Tehran makes significant progress in developing a nuclear bomb, just weeks before Donald Trump's inauguration.In addition, policy uncertainty surrounding the incoming Trump administration also drove inflows into safer assets. In China, Beijing's pledge for "more proactive" macroeconomic policies and lower...
Gold erased earlier gains, paring gains from this week as markets heeded hawkish expectations from the Fed. Fresh data from the ISM showed that manufacturing orders and production increased in December, potentially anticipating a recovery in the sector after a long period of underperformance. The survey also signaled concerns among factories about tariffs by the incoming presidential administration, adding to the risk of a pro-inflationary tone that could prevent the Fed from extending its cutting cycle.As of this writing, gold is at $2,639 Source: Newsmaker.id