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...
Silver prices rose during Asian hours on Tuesday (6/24). Silver depreciated as a ceasefire agreement between Israel and Iran reduced demand for safe havens. On Monday, Federal Reserve (Fed) Vice Chair for Supervision Michelle Bowman could support a July interest rate cut as risks to the job market may increase. Bowman also highlighted that inflation appears to be on a sustainable path back to 2%, and she is less concerned that tariffs will cause inflation problems. Source: Newsmaker.id
Gold prices weakened amid easing geopolitical tensions after President Donald Trump announced a total ceasefire between Israel and Iran. Spot gold fell around 0.6% to $3,351.79 per ounce, as the market began to release safe haven assets and return to hunting for risky instruments. The tensions that previously drove the surge in precious metal prices are now considered to have decreased significantly, reducing demand for gold. From a technical perspective, gold prices are showing short-term correction signals after failing to stay above the psychological resistance level of $3,370. Investors...
Silver rose during Asian trading hours on Monday (6/23). The white metal attracted some buyers amid rising tensions in the Middle East after the US bombed an Iranian nuclear site. The United States carried out airstrikes on three nuclear sites in Iran early Sunday despite US President Donald Trump's long-standing pledge to avoid new foreign conflicts. Source: Newsmaker.id
Gold Prices moved at $3357 in the Asian session on Monday (23/06). You need to know that currently gold prices are showing a strengthening trend along with increasing global uncertainty, especially after tensions in the Middle East and monetary policy decisions by major central banks. Fundamentally, demand for safe assets is increasing, driven by concerns about inflation and geopolitical turmoil. A slight correction at the beginning of the Asian session has occurred, but it has not changed the trend. Especially, if tensions in Iran continue, gold is expected to remain the main choice for...
Gold prices are steady in holiday-thinned trade as markets digest the Federal Reserve meeting results and the Middle East conflict. Israel and Iran continue to exchange blows, with Trump saying he will decide on a US strike on Iran "within two weeks." The safe-haven metal is trading in a tight range amid lower volumes, but the underlying risks remain real, says Tammy Da Costa at FXStreet. Fundamentally, gold prices are still supported by several factors, the increasingly heated geopolitics between Iran and Israel, and Trump's Tariff Uncertainty Source: Newsmaker.id