Silver prices have strengthened again following growing confidence that the US Federal Reserve will cut interest rates. When interest rates fall, precious metals like silver become more attractive because their value tends to stabilize amid economic uncertainty. Furthermore, many investors are starting to view silver as a hedge against inflation and a weakening US dollar. This increase is also driven by increasing demand from the technology and green energy industries. Silver is widely used in solar panels and electric vehicles, thus strengthening its prospects for a clean energy...
Gold (XAU/USD) rose sharply on Tuesday, supported by converging geopolitical conflicts, trade policy uncertainty and investor defensiveness ahead of the Federal Reserve's (Fed) interest rate decision on Wednesday and Chairman Jerome Powell's press conference.Investors are seeking protection from rising global risks and a weaker US Dollar (USD). Gold's rally reflects deepening global jitters.As of this writing, Gold is trading at $3,413 Source; newsmaker.id
Silver (XAG/USD) prices continued their gains for the second straight session, trading around $33.10 per troy ounce during Asian trading hours on Tuesday (06/05). Prices of precious metals, including Silver, rose as President Donald Trump's new tariff threats spurred demand for safe-haven assets. President Trump announced plans to direct the U.S. Trade Representative and the Commerce Department to begin imposing 100% tariffs on films produced overseas. Source: Newsmaker.id
Gold continued to rise in Europe on Tuesday (06/05) for the second straight day, as geopolitical tensions around the world continued to support investor demand for safe-haven assets. In the Middle East, Israel is increasingly preparing its ground offensive in the Gaza Strip with the aim of fully controlling the territory. In the United States (US), pressure is increasing on US President Donald Trump and his administration to finally announce the first trade deal. Trump and his cabinet have been very vocal about an imminent deal, with US Commerce Secretary Howard Lutnick saying that the...
Silver prices rose more than 1% on Tuesday (06/05), as President Donald Trump's new tariff threats spurred demand for safe-haven assets. President Trump announced plans to direct the U.S. Trade Representative and the Commerce Department to begin imposing 100% tariffs on foreign-produced films. On Monday, he also stated that he intends to impose pharmaceutical tariffs within the next two weeks. Source: Newsmaker.id
Gold (XAU/USD) prices rose during the Asian session on Tuesday (06/05). Despite signs of easing US-China trade tensions, investors remain cautious following US President Donald Trump's erratic trade policies. In addition, persistent geopolitical risks stemming from the prolonged Russia-Ukraine war and conflicts in the Middle East have boosted demand for the safe haven precious metal. Source: Newsmaker.id