Gold prices held steady on Friday (August 15th), continuing the previous session's decline and on track for their worst week since late June. Sentiment was weighed down after a series of stronger-than-expected US data eroded hopes of a significant Fed interest rate cut, causing the dollar and US bond yields to strengthen and dampen interest in non-yielding assets like gold. Pressure intensified after the US PPI rose at its fastest pace in three years in July, well above consensus, indicating that companies were beginning to pass on tariff-induced import cost increases to final...
Gold edged up in early Asian trading. The European Union and Canada announced retaliatory tariffs against the US on Wednesday, further raising the prospect of a global trade war after the US imposed levies on global steel and aluminium imports. Gold rallied to bring it back near a record, after weaker-than-expected US inflation supported further Federal Reserve monetary easing this year, while an escalating global trade war prompted safe-haven buying. Source: Newsmaker.id
Silver prices (XAG/USD) rose in European trading hours on Wednesday (3/12), the highest level seen in more than two weeks. The white metal strengthened as deepening fears of a slowdown in the United States (US) economy have weakened the US Dollar (USD). Investors expect the US economy to be exposed to recession as President Donald Trump's tariff policies could weigh on consumer demand in the near term, assuming the tariffs will be inflationary. Fears of a US recession increased after comments from US Commerce Secretary Howard Lutnick in a CBS interview on Tuesday suggested that the...
Gold prices are steady in the $2018 range in Europe and ahead of US Inflation data.Investors weigh Trump's latest move to ease his trade war threat against Ontario just hours after saying he would double tariffs on Canadian steel and aluminum to 50%. The president also downplayed the risk of a recession caused by tariffs. Source: Newsmaker.id
Gold edged up early in the Asian session, supported by concerns about a global economic slowdown that could be triggered by tariffs. President Trump on Tuesday threatened to double tariffs on Canadian metals, but later backed off the threat after the province of Ontario dropped a surcharge on electricity bound for the U.S. There are growing concerns about a potential economic slowdown in the U.S., FlowCommunity's Ruben Ferreira said in an email. Source: Newsmaker.id
Gold prices moved above the $2900 area during the European session on Tuesday (11/3).This was supported by the effect of the headline from the leaders of the German Green coalition, who said this morning they had given the green light to a defense spending deal. That boosted confidence in the Euro (EUR) and triggered a new decline in the US Dollar Index (DXY), which opened the door for Bullion to surge. Source: Newsmaker.id