Gold prices (December 24th) in the European session were stable at $4,491 ahead of Christmas Day tomorrow, with the market closing early tonight. Gold prices surged past $4,500 per ounce for the first time, while silver, platinum, and palladium also hit record highs. This increase was driven by surging demand for safe haven assets amid geopolitical and global trade risks, as well as expectations of further US interest rate cuts in 2026. Investors flocked to precious metals as a hedge.According to analysts, this trend is reinforced by the de-globalization narrative, where gold and precious...
Silver prices were stable in the $30 area during the Asian trading session on Tuesday (11/26). The decline occurred after US President-elect Donald Trump nominated hedge fund manager Scott Bessent as Treasury Secretary, which reduced market uncertainty. Silver is currently trading at $30,360. In addition, reports that Israel and Hezbollah are close to reaching a ceasefire agreement are also other factors that have reduced demand for safe haven assets. Source: newsmaker.id
Gold fell as the dollar surged after President-elect Donald Trump threatened 25% tariffs on Canadian and Mexican imports. Bullion was trading near $2,620 an ounce after dropping 3.4% in the previous session as easing Middle East tensions dampened demand for safe-haven assets. Spot gold fell 0.1% to $2,621.45 an ounce at 8:29 a.m. in Singapore after dropping as much as 0.8% earlier. Source: newsmaker.id
Silver prices dropped 1% to around $30.70 per ounce on Monday, giving back gains from the previous week and following a decline in gold prices as safe-haven demand for precious metals waned. The pullback came after US President-elect Donald Trump nominated hedge fund manager Scott Bessent as Treasury Secretary, reducing some market uncertainty. Bessent has signaled his support for Trump's tariff and tax cut plans, but markets expect him to prioritize economic and market stability over implementing sudden policy changes. Additionally, media reports indicated that Israel and Hezbollah,...
Gold price (XAU/USD) maintains its heavily offered tone through the first half of the European session on Monday. Scott Bessent's nomination as US Treasury Secretary clears a major point of uncertainty for markets. This, along with reports that Israel was close to reaching a ceasefire with the military group Hezbollah in Lebanon, boosts investors' confidence and turns out to be a key factor undermining demand for the safe-haven precious metal. Moreover, expectations that US President-elect Donald Trump's proposed policies could reignite inflation and limit the scope for the Federal...
Gold is steady after surging the most in 20 months last week as the escalation of the Russia-Ukraine war boosted demand for safe haven assets. Bullion is trading near $2,720 an ounce after jumping 6% last week as the conflict entered a dangerous new phase. President Vladimir Putin said his forces may use new missiles again after targeting Ukraine in retaliation for Kyiv's use of American and British weapons on Russian territory. Source: newsmaker.id