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...
Gold prices topped $3,300 for the first time on Wednesday (16/4), as investors sought safe havens after U.S. President Donald Trump ordered an investigation into potential new tariffs on U.S. imports of critical minerals. Spot gold was up 2.3% at $3,301.78 an ounce by 1018 GMT, after hitting a record high of $3,317.90 earlier in the session. U.S. gold futures were up 2.4% at $3,317.70. "Trump's trade war shows no signs of slowing... triggering a fresh move into safe havens and out of stocks," said Ole Hansen, head of commodity strategy at Saxo Bank. Source: Newsmaker.id
Silver (XAG/USD) prices moved higher after a recent decline, during the Asian session on Wednesday (4/16). The increase occurred as the lingering uncertainty over US trade policy continued to fuel safe-haven demand for the precious metal. A weaker US Dollar (USD) also supported Silver prices, making dollar-denominated assets more attractive to foreign buyers. Safe-haven flows into Silver strengthened after US President Donald Trump called for an investigation into potential tariffs on all imports of critical minerals. The move signals a more aggressive trade stance and increases the risk of...
The price of gold strengthened to touch its highest level of $3263 on Wednesday (16/4) starting the morning with enthusiasm, this happened because of several factors, namely the investigation conducted by the Donald Trump administration which could expand the trade war, increasing investor concerns, thus increasing demand for valuable assets. It is likely that during the Asian session the price of gold will still be enthusiastic. Source: Newsmaker.id -ads
Silver prices are fluctuating again as Geopolitical instability or fear of a severe recession can cause silver prices to rise due to its status as a safe haven asset, although to a lesser extent than gold. As a non-yielding asset, silver tends to rise with lower interest rates. Its movements also depend on the behavior of the US Dollar (USD) since the asset is priced in dollars.As of this News Release, silver prices are at $ 32,300 Source: Newsmaker
Gold prices rose, helped by demand for safe-haven assets as US President Donald Trump's tariff plans made investors wary of trade policies, while an overall weaker dollar also provided support.Meanwhile, Jim Wyckoff, a senior analyst at Kitco Metals, said, Market players are waiting for the next major fundamental development to drive the gold market.Until this news was released, the price of gold was at $ 3,328 Source: Newsmaker.id