Demand for silver continues to rise sharply, driven primarily by the technology, electric vehicle, and solar power sectors—where silver is highly sought after due to its superior electrical conductivity. Meanwhile, silver supply remains limited because many mines only produce silver as a byproduct of copper, lead, or zinc—so even when prices rise, production does not immediately respond.Due to the combination of rising demand and slow supply growth, the silver market has recorded a structural deficit for several consecutive years. This provides a strong fundamental basis for the potential...
Gold prices (XAU/USD) have declined from the $3,369 region, a more than one-week high touched during the Asian session on Monday (August 4th), and currently appear to be stagnating after a relatively strong recovery from last week's one-month low. The US dollar (USD) attracted buying interest earlier this week, reversing some of the weakness triggered by Friday's weaker US employment data, along with a modest rebound in US Treasury bond yields. This, in turn, has been a major factor undermining the precious metal. Source: Newsmaker.id
Gold prices fell slightly on Monday (August 4th) as investors took profits following the sharp rally in the previous session, driven by weaker-than-expected US employment data. Nonfarm payrolls data showed an increase of just 73,000 jobs in July, well below expectations, while June's figure was revised down to just 14,000, reinforcing market expectations of a Fed rate cut in September, with the probability now reaching 81% according to CME FedWatch. Amid this dovish sentiment, geopolitical uncertainty has risen again after US President Donald Trump imposed new tariffs on several countries,...
Silver prices fell 0.45% this morning to $36,849 per ounce, hit by weak US NFP data and President Trump's aggressive tariff policies. The jobs data, which fell far short of expectations, raised speculation of an interest rate cut, but also raised concerns about an economic slowdown. Market sentiment remains negative, despite silver's role as a hedge. Uncertainty about trade policy and the global growth outlook is weighing on prices, with market participants now focused on the direction of the Fed's interest rate and further geopolitical risks. At the time of writing, the price was at...
Gold prices held steady at $3,294 per ounce, despite a 1.4% weekly decline. Uncertainty over new US tariffs boosted safe-haven demand, but a strengthening dollar limited gains. The market now awaits Friday's US jobs data. If the data is weak, the likelihood of a Fed rate cut could increase gold's upside. Other metals, such as silver and platinum, also weakened. Gold prices were at $3,294/oz at the time of writing. Source: Newsmaker.id
Gold prices weakened to around $3,290 per ounce on Friday (August 1) and were on track for their worst weekly performance since late June, pressured by a stronger US dollar following President Trump's imposition of higher tariffs on several countries. Trump reaffirmed the global base tariff of 10% and imposed retaliatory duties of up to 41% on countries that do not have trade agreements with the US. He also announced a 40% levy on goods suspected of being routed through third countries to avoid existing tariffs. Source: Newsmaker.id