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 rose above $34 an ounce on Thursday (03/27), extending weekly gains to more than 2% as escalating global trade tensions fueled demand for safe-haven assets. On Wednesday, President Donald Trump announced a 25% tariff on all imported cars and light trucks, which will take effect on April 2, along with reciprocal tariffs on countries that impose levies on U.S. goods—measures he has vowed to maintain throughout his second term. Source: Newsmaker.id
Gold prices edged up, as of this writing, trading at $303. Prices have been hovering near record highs since U.S. President Donald Trump announced tariffs on all auto imports, escalating trade tensions and boosting demand for safe-haven assets. Traders are now waiting to see how the dollar will react to Friday's personal consumption expenditures price index data. However, "this data will not be too important considering we just heard from Powell last week - the Fed is in no rush, tariff inflation is 'transitory'," said analysts at Peak Trading Research.Source: Newsmaker.id
Gold prices were steady for a second day Thursday (3/27), near a record high as U.S. President Donald Trump announced tariffs on all auto imports, escalating trade tensions and boosting demand for safe-haven assets. On Wednesday, Trump signed a proclamation to impose a "permanent" 25% tariff on all cars not made in the U.S. starting April 2. However, concerns that the president would further escalate trade tensions between the U.S. and global partners were eased when he said some of the reciprocal duties to be announced next week would be "very soft." Trump also said he would consider...
Currently, the price of gold continues to move in the $3012-$3028 area on Wednesday (3/26).Meanwhile, Copper metal is in the spotlight after United States (US) President Donald Trump said on Tuesday that Copper tariffs will be implemented in the coming weeks, which is much faster than the market anticipated.From the geopolitical side, there is also a major risk in Ukraine, where a Black Sea ceasefire agreement is being discussed. Ukrainian President Volodymyr Zelenskiy quickly supported the breakthrough and said his country was ready to comply with it immediately. Source: Newsmaker.id
Silver prices fell on Wednesday (3/26) in Asia, as the dollar strengthened and market participants awaited the US Personal Consumption Expenditure data on Friday for clues on the Fed's next move. Source: Newsmaker.id