Silver prices strengthened on Wednesday (August 13th) amid positive sentiment in the precious metals market. This strengthening was driven by a weakening US dollar following the release of weaker-than-expected US economic data, fueling speculation that the Federal Reserve could soon cut interest rates. Silver demand was also supported by a solid industrial outlook, particularly in the renewable energy and manufacturing sectors, strengthening its appeal as both a safe haven asset and an industrial commodity. Source: Newsmaker.id(alg)
Gold (XAU/USD) prices rose during the Asian session on Tuesday (06/05). Despite signs of easing US-China trade tensions, investors remain cautious following US President Donald Trump's erratic trade policies. In addition, persistent geopolitical risks stemming from the prolonged Russia-Ukraine war and conflicts in the Middle East have boosted demand for the safe haven precious metal. Source: Newsmaker.id
Silver (XAG/USD) prices halted a four-day decline. The precious metal regained ground as ongoing uncertainty surrounding US-China trade talks fueled safe-haven demand.China's Commerce Ministry said on Friday it was considering a proposal from the United States (US) to resume trade talks. This came after US President Donald Trump said negotiations were ongoing, although he clarified that no talks with Chinese President Xi Jinping were scheduled for this week.Until this news was released, the price of Silver was at the level of $ 32,434 Source: Newsmaker.id
Gold prices (XAU/USD) surged more than 2%, or over $70, on Monday as the greenback took a hit, despite upbeat economic data from the United States (U.S.) suggesting the economy remains solid.The mood in the market improved following a report by the Institute for Supply Management (ISM) that service providers were confident of the resilience of the U.S. economy. The data suggested that prices were on the rise, fueled by U.S. President Donald Trump's tariffsOver the weekend, Trump announced a 100% tariff on foreign-made films while saying that the Federal Reserve (Fed) should lower interest...
Gold's appeal is increasing as traders prepare for the Federal Reserve's interest rate decision on May 7. Over the weekend, Trump again expressed his dislike for the Fed and its Chairman Jerome Powell. After calling Powell "rigid", the US President asked members of the Federal Open Market Committee (FOMC) to pressure Chairman Powell to cut interest rates. When this news was released, the price of Gold was moving at the level of $ 3296, seen from the fundamental side, Gold still has the impetus to increase. Source: Newsmaker.id
Silver (XAG/USD) prices halted a four-day decline, trading near $32.10 during the Asian session on Monday (5/5). The precious metal regained ground as ongoing uncertainty surrounding the US-China trade talks fueled safe-haven demand. As of this writing, Silver is trading at $32,409 Source: Newsmaker.id