Gold (XAU/USD) prices pared some of their intraday losses, although they remained pressured below the $3,400 level and above the two-week high reached last Friday. Amid optimistic market sentiment, the moderate strengthening of the US dollar (USD) prompted profit-taking around the commodity after its recent gains over the past week or so. However, a combination of factors helped limit the decline in the precious metal. Source: Newsmaker.id
Silver prices fell as market players await Federal Reserve (Fed) Chairman Jerome Powell's speech on Thursday on the interest rate outlook after weak inflation data and the US-China trade truceUntil this news was released, Silver prices were at $ 32,215 Source: Newsmaker.id
Gold prices plunged for the second day in three on Wednesday, mainly driven by improved risk appetite following positive trade news related to the United States (US). This, along with a bearish technical chart pattern, pushed the yellow metal below the $3,200 mark for the first time since April 11.As of this writing, Gold prices are at $3,175 Source: Newsmaker.id
Silver prices fell below $33 an ounce on Wednesday (5/14), promising a rise from the previous session as easing global trade tensions reduced demand for safe-haven assets. The decline follows productive U.S.-China trade talks over the weekend in Switzerland, where both sides agreed to temporarily lower tariffs to 30% and 10%, respectively, for a 90-day period—a significant step toward de-escalation. Source: Newsmaker.id
Gold moved in the $3230 area during the European trading session on Wednesday (5/14), several supporting factors are now easing, one of which is from the geopolitical side and the US-China trade war. This continues to weigh on its appeal as a safe haven asset. The precious metal remains about a fifth higher this year, after hitting a record high above $3,500 an ounce last month as trade tensions escalate. Investors worry that the confrontation could trigger a slowdown in growth or recession, as well as faster inflation. Until this news was released, the price of gold was at the level of $...
Silver (XAG/USD) extended its decline during the Asian session on Wednesday (5/14) sparking some extended selling. The white metal dropped to a fresh intraday low, although the mixed technical setup warrants caution before positioning for deeper losses. Source: Newsmaker.id