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 (XAG/USD) prices attracted some buyers to around $36.30, snapping a two-day losing streak during the Asian trading hours on Thursday. A weaker US dollar (USD) and rising geopolitical tensions in the Middle East provided some support to the white metal. Traders will be keeping an eye on the US Producer Price Index (PPI) and weekly Initial Jobless Claims, due on Thursday. A weaker-than-expected US inflation in May has prompted traders to raise their bets on a Federal Reserve (Fed) interest rate cut. Source: Newsmaker.id
Gold prices rose on Thursday, boosted by rising tensions in the Middle East and a weaker dollar, while weaker-than-expected U.S. inflation data raised expectations for a Federal Reserve interest rate cut. Spot gold rose 0.6% to $3,372.46 an ounce, as of 0202 GMT. U.S. gold futures rose 1.5% to $3,393. Gold prices fell to a near two-month low, making dollar-priced bullion more attractive to overseas buyers. Source: Newsmaker.id
Silver prices were steady in the European session on Wednesday (6/10). The white metal consolidated as investors awaited the US Consumer Price Index (CPI) data for May, which will be published at 12:30 GMT. Economists expect US headline inflation to accelerate to 2.5% annually, compared to 2.3% in April. In the same period, core CPI – which excludes volatile food and energy prices – grew by 2.9%, faster than the previous release of 2.8%. On a monthly basis, headline and core CPI are expected to grow by 0.2% and 0.3%, respectively. The rising price pressure scenario will allow Federal...
Gold prices rose on Wednesday as uncertainty surrounding the finalization of a US-China trade deal weighed on sentiment and prompted some safe-haven buying, with investors awaiting key US inflation data for further market direction. Spot gold was up 0.5% at $3,337.99 an ounce, as of 0544 GMT. US gold futures were up 0.5% at $3,359.20. US and Chinese officials said on Tuesday they had agreed on a framework to get their trade truce back on track and remove restrictions on China's rare earth exports, after two days of negotiations in London, with both sides planning to seek approval from...
Gold prices edged higher on Tuesday (6/10) as investors awaited further clarity on US-China trade talks and awaited key US inflation data due later this week that could provide insight into the Federal Reserve's future interest rate decisions. Top officials from the world's two largest economies sought to defuse a bitter dispute that has spilled over from tariffs to restrictions on rare earths, with trade talks stretching into a second day in London. Source: Newsmaker.id -alg