Silver prices held above $38.50 per ounce on Thursday (August 14th), hovering near a three-week high as expectations of a deeper Federal Reserve interest rate cut this year buoyed the market. Weaker US inflation data suggested that President Donald Trump's tariffs were not adding to price pressures, while signs of a weakening labor market reinforced the dovish outlook. The market is almost fully pricing in a September rate cut, with some anticipating a larger 50 basis point cut. Additionally, Treasury Secretary Scott Bessent called for multiple rate cuts and said the Fed could begin...
Gold prices tended to be stable in the area of $2991-$2981 on Tuesday (8/4) this was accompanied by concerns that US President Donald Trump's trade war could risk causing a global economic downturn, driving demand for safe haven assets, indicating a pause in asset sell-offs in the past few days. Amid the global economic turmoil due to Donald Trump's widespread Tariffs, Gold is still a safe haven asset. The sharp decline that has occurred is only temporary, furthermore several factors are still very supportive of the increase in Gold prices. Source: Newsmaker.id-ads
Silver (XAG/USD) prices approached $30.30 during North American trading hours on Monday (07/04). The white metal bounced back strongly after the bloodshed on Thursday and Friday as traders became increasingly confident that the Federal Reserve (Fed) could cut interest rates at its June meeting. However, industrial demand for Silver has changed as Trump's tariffs have stemmed concerns over the global economic outlook, especially in China, which has been hit with 54% tariffs. Source: Newsmaker.id
Gold prices fell on Monday (4/7) as investors opted for the dollar as a safe haven after broad US tariffs raised fears of a global recession. However, analysts remained optimistic about bullion given the challenging economic conditions. Gold, which is used as a safe investment during times of political and financial uncertainty, hit an all-time high driven by strong inflows of safe-haven assets amid geopolitical uncertainty and strong central bank demand. Source: Newsmaker.id
Gold prices held steady on Monday (4/7), supported by strong central bank demand and the potential for an early US Federal Reserve interest rate cut, but gains were capped as some investors sold bullion to cover losses in other trades. Spot gold was little changed at $3,034.89 an ounce, as of 1042 GMT, after hitting a session low of $2,971.09 earlier in the session. Source: Newsmaker.id
Silver prices have rallied back above $30,500 as financial market volatility continues for the third straight day, following US President Donald Trump's decision to impose reciprocal tariffs that have raised concerns about the impact on the global economy.As of this writing, Silver is at $30,674 Source: Newsmaker.id