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 fell to $3,280 an ounce on Friday, hitting a four-week low, as fading geopolitical risks and easing concerns about a prolonged trade conflict dampened demand for the safe-haven asset. The U.S. and China are finalizing details of their London trade deal, which will implement the Geneva consensus. Meanwhile, investors continue to assess the prospects for a Fed rate cut, with reports suggesting President Trump may announce his Fed chair nominee as early as September or October, likely favoring a candidate who supports looser monetary conditions. Source: Newsmaker.id
Gold prices were trading around $3,320 per ounce on Friday afternoon, pressured by stronger-than-expected US economic data. A decline in jobless claims and a surge in durable goods orders fueled concerns that the Federal Reserve might delay interest rate cuts. This reduced the appeal of gold, which tends to strengthen when interest rate prospects fall. Despite increasing fundamental pressures, geopolitical and political uncertainty in the US still supports demand for gold as a hedge. The market focus is now on the PCE inflation data to be released tonight. Technically, gold is still holding...
Gold (XAU/USD) attracted some buyers for the second straight day on Thursday (6/26) and maintained its positive bias through the first half of the European session. The US Dollar (USD) selling remained unabated amid reports that US President Donald Trump is considering replacing Federal Reserve (Fed) Chairman Jerome Powell, which raised concerns about the central bank's future independence. Also, bets that the Fed will resume its rate-cutting cycle as early as July dragged the USD to a more than three-year low and benefitted the non-yielding yellow metal. Source: Newsmaker.id
Silver prices are currently around $36,366, recording moderate gains in the early session on Thursday (6/26) as the US Dollar weakens and Treasury bond yields decline. Market sentiment tends to be cautious but still shows interest in safe-haven assets such as silver, especially amid uncertainty over US tariffs and the direction of the Fed's monetary policy. Technically, silver is still above the support of the medium-term rising channel, with momentum starting to stabilize even though the RSI indicator shows conditions approaching overbought. Source: Newsmaker.id
In this morning's session, gold prices remained stable at around $3,334 per ounce, reflecting investors' cautious steps towards geopolitical news and global monetary policy. The ceasefire between Israel and Iran is still being maintained, easing concerns about the escalation of conflict in the Middle East, thus reducing the urge for safe-havens such as gold. However, the pressure on the weakening dollar and the prospect of US-Iran diplomatic talks provide fundamental support that restrains selling pressure. The initial signal from the Federal Reserve to cut interest rates—which is not the...