Gold climbed to $4,140–$4,150 as the market grew more confident that the Fed would cut interest rates this year. ADP data showed that US companies lost an average of >11,250 jobs per week, raising the probability of a 25 bps rate cut to 68% (Dec) and 80% (Jan). The impact: Yields and the USD tended to weaken, so the opportunity cost of holding gold decreased. Holding the rally: If today's Fedspeak (Williams, Waller, et al.) is hawkish, gold could hold; if dovish, the rally could continue. Additionally, the final progress of the US shutdown could reduce safe-haven demand when official...
Silver (XAG/USD) traded around $32.30 per troy ounce during the Asian session on Thursday (4/17), paring some of its gains from the previous day. The precious metal came under pressure as global risk sentiment improved following US President Donald Trump's announcement of exemptions for key technology products from newly proposed "reciprocal" tariffs. The exemptions, which cover smartphones, computers, semiconductors, solar cells and flat-panel displays, primarily benefit goods manufactured in China. Source: Newsmaker.id
Gold prices fell on Thursday (4/17) as investors took profits after bullion hit an all-time high, with traders assessing tariff negotiations between the U.S. and Japan. Spot gold fell 0.8% to $3,317.63 an ounce, as of 0717 GMT. Bullion has gained more than 2% this week. U.S. gold futures fell 0.5% to $3,330.60. Bullion hit a record high of $3,357.40 earlier in the session and has gained more than 27% this year. Source: Newsmaker.id
Silver (XAG/USD) fell during the Asian session on Thursday (4/17), paring some of its gains from the previous day. The precious metal came under pressure as global risk sentiment improved following US President Donald Trump's announcement of exemptions for key technology products from newly proposed "reciprocal" tariffs. The exemptions, which cover smartphones, computers, semiconductors, solar cells and flat-panel displays, primarily benefit goods manufactured in China. However, Silver's declines remained limited as Trump simultaneously launched an investigation into potential tariffs on...
Gold prices continue to struggle for their highest levels, during the Asian trading session reaching $ 3353 for the first time on Thursday (4/17), as Federal Reserve Chairman Jerome Powell's warning about the impact of the trade war sparked volatility on Wall Street, leading to sharp declines in stocks and the dollar. Meanwhile, the Trump administration is preparing to pressure countries to curb trade with China in US tariff negotiations. Both of these things create sentiment for market players to seek safe haven assets, Gold being the main choice. Source: Newsmaker.id -ads
Silver prices rose above $32.50 an ounce on Wednesday, hitting a nearly two-week high as escalating trade tensions and broad economic uncertainty boosted safe-haven demand. The latest gains came after U.S. President Donald Trump ordered an investigation into potential new tariffs on all imports of critical minerals—most of which are sourced from China—further stoking fears of a deepening trade war. Beijing has continued to push back against what it calls Trump's "trade bullying" as it braces for a broader impact from existing and future U.S. tariffs. Source: Newsmaker.id