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 rebounded on Thursday (July 31) from a one-month low reached in the previous session, as trade uncertainty sparked by the announcement of new US tariffs increased bullion's appeal, even as expectations of a US interest rate cut in September eased. Source: Newsmaker.id
Gold edged up to $3,330/oz in European trading on Wednesday (July 30th), supported by falling US Treasury yields and a weakening US dollar. The Fed is widely expected to hold interest rates, despite US President Donald Trump's continued calls for a rate cut. The market still expects a potential rate cut in September. Meanwhile, investors await the Federal Reserve's policy statement, which will be released today, for guidance on the direction of future monetary policy. Gold prices at the time of writing were at $3,330/oz. DISCLAIMER Note: This article is analytical only and is...
Silver prices are currently rising slightly, reflecting price consolidation after a significant surge last week. On Friday, silver prices surged nearly 4% to a 14-year high of $39.12, driven by global trade tensions and safe-haven demand. However, since then, silver prices have corrected and traded lower, reflecting market uncertainty and reduced investor demand for safe-haven assets.
Gold held steady at $3,321/oz in European trading on Tuesday (July 29th). Following the US-EU tariff agreement, the market remains preoccupied with discussions about the implementation and direction of US-China negotiations. Sentiment remains positive thanks to low interest rates and geopolitical tensions, although the NFP data and the Fed's comments this week could be game-changers. Market participants are currently awaiting important data, which will be released tonight at 9:00 PM WIB. The results of the data could lead market participants to speculate ahead of the FOMC.The gold price at...
Gold prices held around $3,310 per ounce on Tuesday (July 29), near a three-week low, as signs of easing trade tensions and a strengthening US dollar dampened the metal's appeal. Investors are closely monitoring ongoing negotiations between the US and China, amid expectations of a 90-day extension of the August 12 tariff pause deadline. This comes amid a crucial week for President Donald Trump's trade agenda, with separate deadlines set for other countries to reach agreements this Friday, following the deal announced with the European Union on Sunday that includes 15% tariffs on most...