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 rose to a new daily high during the European session on Friday (July 18th), continuing their rebound from a low hit more than a week earlier. This increase was driven by a weakening US dollar following dovish remarks from Fed Governor Christopher Waller, as well as growing market concerns about the uncertainty surrounding US President Donald Trump's trade policies, which are considered risky for the global economy. However, gold's gains are likely limited as the market is increasingly convinced that the Fed will delay interest rate cuts, especially with concerns that new import...
Silver prices stabilized in early Asian trading on Friday (July 18th) as interest in safe-haven assets rebounded amid global uncertainty. Investor interest in the precious metal strengthened after global inflation data was deemed unsatisfactory, along with renewed concerns about a trade war between the United States and its trading partners. Furthermore, consistent industrial demand—particularly from the electronics and green energy sectors—contributed to silver prices. Despite the stability, silver price movements remain limited as the market awaits the latest US economic data and further...
Gold prices fell on Thursday during the European session (July 17). What's the cause? Market participants are weighing the possibility of a leadership change at the US central bank, following rumors that President Donald Trump might fire Jerome Powell from his position as Fed Chair. This issue has sparked renewed uncertainty in financial markets. Meanwhile, concerns about political interference remain. If Powell is indeed dismissed before his term ends in 2026, this could raise doubts about the Fed's independence.Source: Newsmaker.id
Silver prices fell slightly from their highs due to a strengthening dollar. Silver declined after previously touching a 14-year high. Global investors began profit-taking, selling their silver holdings to secure profits after a significant price surge throughout the year. Source: Newsmaker.id
Gold prices strengthened on Wednesday (July 16th), driven by a weakening US dollar and increased demand for safe-haven assets amid global geopolitical concerns. The market is closely monitoring investors' response to President Trump's 50-day ultimatum to Russia and continued tariff tensions with major trading partners. In addition, speculation that the Fed will delay interest rate cuts due to persistently high goods inflation also supported gold prices. The focus now turns to the release of US PPI data and the outcome of further international trade negotiations. Source: Newsmaker.id