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 prices are trading sideways, The white metal has been trading sideways for the past three trading days as investors look for new developments in the trade relations between the United States (US) and China.Earlier news from the United States (US) Treasury Secretary Scott Bessent revealed that he sees a de-escalation with China, which improved the market mood, which is a drag on Silver prices.As of this news release, Silver prices are at $32,630 Source: Newsmaker.id
Gold Down after hitting a record high of $3,500 an ounce for the first time as traders book profits following a nearly 10% rally this month. Gold fell 1.5% to open Asian trading on Wednesday as risk appetite improved with equities bouncing back, bonds and the dollar steady. Market players are currently speculating to wait for key data this week, some are also speculating to take profits. Source: Newsmaker.id
Silver (XAG/USD) prices rose on Tuesday (4/22). The white metal rose as investors looked for new developments in the trade relationship between the United States (US) and China. In the second week of this month, US President Donald Trump announced an abrupt 90-day pause in the implementation of reciprocal tariffs but still imposed huge tariffs on China in retaliation by imposing similar levies on US imports. Source: Newsmaker.id
Gold Down after hitting $3,500 an ounce for the first time as traders booked profits following a nearly 10% rally this month. Gold fell as much as 1.5% during U.S. trading hours after earlier surging to a new record as risk appetite improved with equities bouncing back, bonds and the dollar stabilizing. The precious metal is also in overbought territory, indicating recent gains may be overdone. Source: Newsmaker.id
Gold (XAU/USD) price showed no signs of exhaustion and continued its rally higher, hitting another record high of $3,500 in early Asian trade on Tuesday. However, the price action has eased off a bit, with Gold dropping back to around $3,460 at the time of writing due to some profit-taking at the psychological level. Some markets around the world are returning to normal trading regimes after the holiday-tinged Easter price action, with Good Friday and Easter Monday seeing reduced trading volumes due to bank holidays. This week's rally was driven by rising uncertainty and pressure on the...