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 held steady at $3,321/oz in European trading on Tuesday (July 29th). Following the US-EU tariff agreement, the market remains preoccupied with discussions about the implementation and direction of US-China negotiations. Sentiment remains positive thanks to low interest rates and geopolitical tensions, although the NFP data and the Fed's comments this week could be game-changers. Market participants are currently awaiting important data, which will be released tonight at 9:00 PM WIB. The results of the data could lead market participants to speculate ahead of the FOMC.The gold price at...
Gold prices held around $3,310 per ounce on Tuesday (July 29), near a three-week low, as signs of easing trade tensions and a strengthening US dollar dampened the metal's appeal. Investors are closely monitoring ongoing negotiations between the US and China, amid expectations of a 90-day extension of the August 12 tariff pause deadline. This comes amid a crucial week for President Donald Trump's trade agenda, with separate deadlines set for other countries to reach agreements this Friday, following the deal announced with the European Union on Sunday that includes 15% tariffs on most...
Gold stabilized at $3,337/oz following the US-EU tariff agreement, but the market remains preoccupied with discussions about the implementation and direction of US-China negotiations. Sentiment remains positive thanks to low interest rates and geopolitical tensions, although this week's NFP data and Fed comments could be game-changers. Prices held above the $3,320 support but lost momentum. A break below $3,360 could push the price to $3,400, while a break below $3,320 would signal a correction to $3,280. The gold price at the time of writing was $3,337/oz. DISCLAIMER Note: This article...
Silver prices (XAG/USD) gained ground in Asian trading on Monday (July 28th), capitalizing on the current dollar weakness, which helped offset pressure from increased risk appetite after the US and the European Union announced their trade agreement. While the market continues to focus ahead of the US-China meeting to discuss a trade deal on Monday, attention will also be focused on several upcoming releases this week. Silver prices rose 0.34% at the time of writing, reaching $38.273/Toz. Source: Newsmaker.id
Gold prices held around $3,330 per ounce on Monday, after three consecutive sessions of declines, as the newly announced US-EU trade deal dampened demand for safe-haven assets. The US and EU reached a broad agreement on Sunday that includes a 15% tariff on most European goods, along with hundreds of billions of dollars in investment commitments in American industry. Source: Newsmaker.id