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 fell nearly 1% on Tuesday as signs of easing U.S.-China trade tensions eased some safe-haven demand, while investors awaited key economic data this week to gauge the outlook for Federal Reserve policy. The easing trade tensions have prompted a sell-off in gold as a hedge against rising global volatility, which rallied in an unprecedented manner to hit a record high of $3,500.05/oz last week. Source: Newsmaker.id
Silver prices held around $33 an ounce on Tuesday, steadying after a recent decline as investors awaited clarity on US-China trade relations and key US economic releases. China reiterated that it is not engaged in trade talks with the US, refuting claims made by President Donald Trump. Meanwhile, US Treasury Secretary Scott Bessent said several major trading partners have made "very good" tariff proposals, and a trade deal with India could be announced soon. Source: Newsmaker.id
Gold fell on Tuesday (4/29) amid expectations that President Donald Trump will ease the impact of his auto tariffs, weighing on demand for safe-haven assets amid hopes of a further de-escalation in trade tensions. Source: Newsmaker.id
Silver prices (XAG/USD) depreciated after posting gains the previous day, Safe-haven demand for precious metals, including Silver, continued to weaken as trade war concerns eased.At the same time, Dollar-denominated Silver lost its appeal, with a stronger US Dollar (USD) making it more expensive for buyers using other currencies.The USD gained support as optimism grew over improvements in US-China trade relations.Until this news was released, Silver Price was at $ 32,921 Source: Newsmaker.id
Silver prices fell on Monday (4/28), extending losses from the previous session as easing U.S.-China trade tensions dampened demand for safe-haven metals. Last week, U.S. President Donald Trump signaled an openness to lowering tariffs on China, while Beijing exempted certain U.S. goods from its 125% levies. Meanwhile, China expressed confidence in meeting its full-year growth target of around 5% but refrained from introducing immediate stimulus, preferring to first assess the impact of the escalating trade dispute with the U.S. Investors also await key U.S. economic data this week, which...