Silver prices are currently trading above $74.49 per ounce in the US session on Friday (December 26th), extending a remarkable rally that began several months ago, fueled by geopolitical tensions and a weakening US dollar. This surge was fueled by continued speculation, supply dislocations in major trading centers, and a large influx of funds into silver-backed ETFs. Rising demand, from both the investment and industrial sectors, has made silver a leading choice amidst the global economy.Silver is also supported by fundamental factors such as rising geopolitical tensions and concerns about...
Gold extended its decline for the second day this week as the US dollar clawed back some gains and demand for safe-haven assets eased, with investors also weighing the prospects for improved trade relations between the US and EU after US President Donald Trump said on Sunday that he agreed to extend the deadline for 50% tariffs on the European Union (EU) until July 9. Source: Newsmaker.id
Demand for safe haven assets such as silver has been affected by signs that the White House may be making progress in negotiations with some trading partners.As of this writing, Silver is at $33,301 Source: Newsmaker.id
Demand for safe haven gold has been hit by signs that the White House may be making progress in negotiations with some trading partners. Funds held in gold-backed exchange-traded funds have posted outflows for five straight weeks since peaking at their highest level in more than a year in mid-April, according to Bloomberg calculations. Investors are now weighing the prospect of improved trade relations between the U.S. and the EU. Source: Newsmaker.id
Gold (XAU/USD) prices fell on Monday (5/26) while the US market was closed due to the Memorial Day national holiday. A small correction occurred after United States (US) President Donald Trump issued a statement on Truth Social that he would extend the deadline until July 9 for the European Union (EU) to face 50% tariffs. Source: Newsmaker.id
Gold prices maintained modest intraday losses through the early European session, although there was no follow-through selling and remained close to a two-week high hit on Friday. The renewed optimism fueled by US President Donald Trump's decision to delay the imposition of tariffs on the European Union (EU) prompted profit-taking around the safe-haven commodity, especially after last week's strong rally of nearly 5%. Source: Newsmaker.id