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 edged higher after posting its biggest speculative gain since 2010, with traders pricing in the prospect of slower monetary easing by the Federal Reserve in 2025. "Despite the Fed's cautious tone, continued central bank buying and geopolitical uncertainties are expected to keep gold in focus as a preferred safe-haven asset," Kaynat Chainwala, an analyst at Kotak Securities, wrote in a note. Source: Newsmaker
Gold prices strengthened in the Asian session to start 2025, the increase was driven by the attack carried out by Israel on Gaza. The increase in gold also occurred amid the strengthening of the US dollar index today. Expectations for gold to continue to rise for 2025 with the encouragement obtained from geopolitical risks and expectations of increasing government debt due to deep fiscal deficits under the Trump administration, although there are potential challenges from slower Fed interest rate cuts and a strengthening US dollar.
Silver (XAG/USD) prices edged up in the Asian afternoon session on Thursday (2/1), slightly paring the previous session's decline, while market participants are currently still looking for further clarity on the US Federal Reserve's interest rate path and President-elect Donald Trump's policies. Meanwhile, excess capacity in China's solar panel industry has prompted photovoltaic companies to sign up for a government self-discipline program aimed at regulating supply, limiting the demand outlook for silver from its top industry. Pressure is also noted from the threat of yuan devaluation in...
Silver prices (XAG/USD) fell on Tuesday (2/1), Silver was trading at $28.98 per troy ounce, down 0.14% from $29.00 on Monday last week. While in the Fed's aggressive outlook and uncertain demand for industrial silver utilities. Inflation concerns that also prompted the FOMC to project only a slight interest rate cut for the coming year, this also prompted the market to cut its exposure to non-yielding gold bullion assets. In addition, excess capacity in China's solar panel industry prompted photovoltaic companies to register for a government self-discipline program aimed at regulating...
Gold prices traded little changed at $2,626 in Asia to start 2025. The yellow metal had posted its best yearly gain on Tuesday after closing higher. Strong central bank buying, geopolitical uncertainty and monetary policy easing fueled a record-breaking rally in safe-haven gold in 2024, pushing it to an all-time high of $2,790.15 on Oct. 31.