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...
Silver prices fell more than 1% to hit a one-week low as traders grappled with market uncertainty following US President Donald Trump's sweeping tariff measures.Trump imposed a base tariff of 10% on all imports, with higher levies targeting major trading partners such as China (34%), the EU (20%), and Japan (24%). In addition, a 25% tariff on foreign-made cars took effect immediately. In defending the move, Trump framed the tariffs as a strategy to support domestic manufacturing and reduce the trade deficit.Until this news was released, Silver price was at $ 31,534 Source: Newsmaker.id
Gold held above $3,110 an ounce on Friday, set for a fifth straight weekly gain after repeatedly hitting all-time highs, driven by risk aversion stemming from U.S. tariffs.Trump announced a 10% base tariff on imports from all countries, along with higher duties on some of the U.S.'s biggest trading partners, prompting retaliatory measures from those countries. Meanwhile, gold weakened on Thursday, pressured by profit-taking and reports that the precious metal is exempt from Trump's tariffsAs of this writing, Gold Price is at $3,098 Source: Newsmaker.id
Silver prices fell on Thursday (03/4), The price of the white metal became vulnerable after United States (US) President Donald Trump revealed a detailed reciprocal tariff plan for his trading partners. The "Buy the Rumor and Sell the News" indicator forced traders to trigger the sell button for Silver prices. The metal had previously performed strongly, along with Gold, from the past few months as investors became increasingly convinced that Trump's tariffs would be inflationary and weigh on economic growth globally, including in the US. Technically, the appeal of Silver prices increases...
Gold prices pared losses on Thursday (3/4) after falling more than 2% from an all-time high (ATH), as a widespread market selloff triggered by US President Donald Trump's import tariffs has affected bullion traders. Meanwhile, traders attributed the decline to some profit-taking and margin calls in other asset classes that likely prompted investors to sell some of their gold holdings to cover losses. Source: Newsmaker.id
Gold (XAU/USD) prices corrected in European trade after initially hitting a new all-time high of $3,167 in early Asia. Traders took profits, pushing bullion prices to $3,125 at the time of writing on Thursday. The market saw all asset classes absorb the overnight shock statement from United States (US) President Donald Trump, who unveiled his retaliatory tariff plan to the world. Source: Newsmaker.id