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 price (XAU/USD) kicks off the new week on a weaker note and erodes a part of Friday's strong gains to over a two-week high, though the downtick lacks bearish conviction. US President Donald Trump's decision to delay the implementation of tariffs on the European Union (EU) adds to the recent optimism and undermines demand for the safe-haven precious metal. However, a combination of factors holds back traders from placing aggressive bearish bets around the commodity. Investors remain on edge in the wake of worries over the worsening US fiscal health and persistent geopolitical risks...
The US Dollar (DXY) is down about 0.40% today and is trading near 98.70. With the US Dollar Index (DXY) down about 0.40% today and is trading near 98.70.Despite the US Dollar continuing to weaken, Silver prices could again experience selling pressure as market players consider the possibility of a trade deal between the US and Japan in mid-June. Source: Newsmaker.id
Gold prices fell on Monday (26/5) at the beginning of the Asian trading session. When the market opened until this news, the gold price movement tended to experience a decline of 0.50% and moved in the area of $ 3339. From a fundamental perspective, gold prices were driven by Donald Trump's easing of policy towards the European Union by extending the deadline for comprehensive tariff measures. Although a softer stance on trade will increase demand for safe haven assets, gold's appeal as a safe haven asset has strengthened amid growing concerns about the US government's fiscal position...
Gold prices rose 2% on Friday and headed for their best week in six, as investors sought safe havens amid new tariff threats from U.S. President Donald Trump and a weaker dollar. Global stocks fell on Wednesday after Trump delivered his latest unexpected trade bombshell, recommending a 50% tariff on European Union imports starting June 1. Trump also said Apple would pay a 25% tariff on iPhones sold in the United States but not made in the country. Source: Newsmaker.id
Silver prices moved higher after posting a loss of more than 1% in the previous session. Manufacturing-sensitive commodities, including silver, faced challenges due to growing concerns about the widening fiscal deficit in the United States (US).As of this writing, silver prices were at $33,158 Source: Newsmaker.id