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...
Silver prices held above $30 an ounce in US mid-day trading on Monday as the white metal also found support from an upbeat economic outlook in China, the world's largest silver consumer. Beijing recently pledged "more proactive" macroeconomic policies and lower interest rates this year to stimulate growth. Additionally, data showed China's services sector expanded at a seven-month high in December, signaling resilient consumption. Source: Newsmaker.id
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...