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 prices rose on Monday (4/28) despite easing US-China trade tensions, as the dollar weakened in the US session. In addition, US President Donald Trump said progress had been made with China, and that he had spoken with President Xi Jinping. However, Beijing has denied any trade talks and Treasury Secretary Scott Bessent on Sunday failed to support Trump's statement that tariff talks with China were underway. Source: Newsmaker.id
Gold (XAU/USD) prices plunged on selling pressure from traders, bringing the bullion price to $3,295 at the time of writing on Monday. The correction came after an ABC television interview with US Treasury Secretary Scott Bessent on Sunday, who said that several large transactions were being discussed with Asian countries. Source: Newsmaker.id
Silver prices fell, paring gains from earlier in the week as signs of easing global trade tensions lifted the dollar, weighing on dollar-denominated commodities.The dollar gained as U.S. President Donald Trump claimed that trade talks with China were progressing, with additional signs of progress in negotiations with Japan and South Korea further boosting investor sentiment.China is also reportedly considering removing 125% tariffs on certain U.S. goods, raising hopes of a further de-escalation in the trade war.Until this news was released, Silver Price was at $ 32,771 Source: Newsmaker.id
Gold prices weakened in early Asian trading this morning, gold prices were at US$ 3,276 per troy ounce. The precious metal fell after reaching its highest level last week amid easing trade war tensions.US Agriculture Secretary Brooke Rollins said on Sunday that the Trump administration was having daily conversations with China about tariffs. Rollins noted that there were ongoing talks between the two countries and that trade deals with other countries were "very close."US President Donald Trump's announcement of broad and high tariffs in early April sparked concerns that the US economy would...
Gold prices fell on Friday, erasing gains from the previous session after Beijing announced exemptions for some U.S. goods from 125% tariffs, signaling a thaw in the trade dispute and reducing bullion's appeal as a hedge. At the same time, the dollar index approached the 100 mark, making dollar-priced bullion more expensive for overseas buyers, while U.S. Treasury yields edged higher as Fed officials reiterated their patience with policy. Source: Newsmaker.id