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...
Silver (XAG/USD) prices halted a four-day decline. The precious metal regained ground as ongoing uncertainty surrounding US-China trade talks fueled safe-haven demand.China's Commerce Ministry said on Friday it was considering a proposal from the United States (US) to resume trade talks. This came after US President Donald Trump said negotiations were ongoing, although he clarified that no talks with Chinese President Xi Jinping were scheduled for this week.Until this news was released, the price of Silver was at the level of $ 32,434 Source: Newsmaker.id
Gold prices (XAU/USD) surged more than 2%, or over $70, on Monday as the greenback took a hit, despite upbeat economic data from the United States (U.S.) suggesting the economy remains solid.The mood in the market improved following a report by the Institute for Supply Management (ISM) that service providers were confident of the resilience of the U.S. economy. The data suggested that prices were on the rise, fueled by U.S. President Donald Trump's tariffsOver the weekend, Trump announced a 100% tariff on foreign-made films while saying that the Federal Reserve (Fed) should lower interest...
Gold's appeal is increasing as traders prepare for the Federal Reserve's interest rate decision on May 7. Over the weekend, Trump again expressed his dislike for the Fed and its Chairman Jerome Powell. After calling Powell "rigid", the US President asked members of the Federal Open Market Committee (FOMC) to pressure Chairman Powell to cut interest rates. When this news was released, the price of Gold was moving at the level of $ 3296, seen from the fundamental side, Gold still has the impetus to increase. Source: Newsmaker.id
Silver (XAG/USD) prices halted a four-day decline, trading near $32.10 during the Asian session on Monday (5/5). The precious metal regained ground as ongoing uncertainty surrounding the US-China trade talks fueled safe-haven demand. As of this writing, Silver is trading at $32,409 Source: Newsmaker.id
Gold rose again above $3,260 an ounce on Monday, as uncertainty surrounding U.S.-China trade talks supported demand for the safe-haven asset. On Sunday, President Donald Trump said he believed China wanted to make a deal, though he did not provide details or a timetable. Last week, Beijing said it was evaluating starting trade talks but reiterated that any negotiations would require certain preconditions to be met. In addition, the U.S. dollar weakened, making gold more attractive to buyers holding other currencies. Source: Newsmaker.id