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 held around $30.5 an ounce on Monday (12/16) after falling more than 4% over the past two sessions, as investors prepared for the latest U.S. Federal Reserve policy decision this week. The Fed is widely expected to cut interest rates by 25 basis points on Wednesday, but traders scaled back expectations for further easing next year. Silver prices were also pressured by persistent demand concerns in major consumer China. Source: Newsmaker
Gold was at $2,650 on Monday (12/16) in early Asian trading. Gold prices gained slightly as the Federal Reserve's final interest rate decision of the year looms, with traders also weighing the policy outlook for 2025.The Fed is widely expected to cut interest rates by a quarter point at its meeting on Wednesday, and swaps traders are pricing in a total of three quarter-point rate cuts over the next 12 months. Lower interest rates are generally positive for gold, as it does not pay interest. Source: Newsmaker.id
Gold (XAU/USD) has given away earlier gains and is trading lower for the second consecutive day during us session. The US Dollar (USD) maintains its bullish tone, supported by rising US Treasury yields, which keeps the precious metal under pressure. Recent US data is showing a resilient US economy with inflation picking up. Donald Trump's high tariffs for imports and restricted immigration are expected to lift consumer prices, forcing the (Fed) to approach cautiously with monetary easing next year.As of this writing,Gold is at $2,657 Newsmaker.id
Gold prices were steady in Asian trade on Friday after posting a sharp decline in the previous session on a stronger dollar, as anticipation of a Federal Reserve meeting next week benefited the greenback.However, the yellow metal held on to most of its gains this week, as safe-haven demand was supported by rising geopolitical tensions in the Middle East and Asia.Spot gold was steady at $2,687.44 an ounce, while February gold futures were flat at $2,709.51 an ounce by 00:00 ET (05:00 GMT). Spot prices are trading up more than 2% this week.The yellow metal pared some of its gains this week as...
Silver began to experience an increase on Friday during the Asian trading session.After the release of US data that affected silver prices yesterday, it tended to decline. Furthermore, market players mostly still expect a 25bps increase by the Fed next week and expect further interest rate cuts next year, although uncertainty remains about the extent of the reduction. Source: Newsmaker.id