Silver prices are currently trading above $74.49 per ounce in the US session on Friday (December 26th), extending a remarkable rally that began several months ago, fueled by geopolitical tensions and a weakening US dollar. This surge was fueled by continued speculation, supply dislocations in major trading centers, and a large influx of funds into silver-backed ETFs. Rising demand, from both the investment and industrial sectors, has made silver a leading choice amidst the global economy.Silver is also supported by fundamental factors such as rising geopolitical tensions and concerns about...
Gold prices held steady on Tuesday (August 5th), holding near the two-week high reached in the previous session, as weaker-than-expected US employment data raised expectations for a September interest rate cut and pressured the US dollar and government bond yields. Spot gold was trading at $3,369.25 per ounce as of 06:29 GMT. Bullion hit its highest level since July 24th on Monday. US gold futures were unchanged at $3,423.20. Source: Newsmaker.id
Silver prices stabilized during the Asian session on Tuesday (August 5th), after rising in the previous two sessions, amid growing expectations of an interest rate cut by the Federal Reserve (Fed) in September. This non-interest-bearing precious metal continues to attract investor interest, particularly as a safe haven asset, as concerns about the Fed's independence mount. These concerns deepened after the surprise resignation of Fed Governor Adriana Kugler, opening the door for US President Donald Trump to accelerate his influence at the central bank by appointing a replacement who favors...
Gold prices held steady around $3,380 per ounce during the Asian trading session on Tuesday (May 8) amid strong expectations of a Fed interest rate cut in September, fueled by weak US employment data last Friday. Market sentiment was also strengthened by political uncertainty regarding the Fed's independence following the resignation of Governor Adriana Kugler. Gold has risen nearly 30% this year, with projections of breaking $4,000 per ounce in 2026.Gold prices at the time of writing were at $3,380/Toz. DISCLAIMERNote: This article is analytical only and is not a definitive reference....
Gold prices (XAU/USD) have declined from the $3,369 region, a more than one-week high touched during the Asian session on Monday (August 4th), and currently appear to be stagnating after a relatively strong recovery from last week's one-month low. The US dollar (USD) attracted buying interest earlier this week, reversing some of the weakness triggered by Friday's weaker US employment data, along with a modest rebound in US Treasury bond yields. This, in turn, has been a major factor undermining the precious metal. Source: Newsmaker.id
Gold prices fell slightly on Monday (August 4th) as investors took profits following the sharp rally in the previous session, driven by weaker-than-expected US employment data. Nonfarm payrolls data showed an increase of just 73,000 jobs in July, well below expectations, while June's figure was revised down to just 14,000, reinforcing market expectations of a Fed rate cut in September, with the probability now reaching 81% according to CME FedWatch. Amid this dovish sentiment, geopolitical uncertainty has risen again after US President Donald Trump imposed new tariffs on several countries,...