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...
Silver prices jumped nearly 2% to above $33 an ounce on Tuesday, recovering from losses in the previous session as early enthusiasm over a U.S.-China trade deal faded, leading to broader market caution. The rally followed weekend negotiations in Switzerland, where Washington and Beijing agreed to reduce tariffs to 10% and 30% respectively for a 90-day period—marking a significant, if temporary, de-escalation in trade tensions. Source: Newsmaker.id
Gold prices edged higher early in the European session on Tuesday (5/13). Investors are now focused on a key US inflation report, after the precious metal slumped along with other safe-haven assets on Monday following a trade truce between Washington and Beijing. Bullion rose 0.6% to trade above $3,253 an ounce, after a major de-escalation in US-China trade tensions sparked a sharp sell-off. Investors will be watching the US inflation report for April, which could be the first to show tariff-related costs. As of this writing, gold prices were at $3,253 Source: Newsmaker.id -ads
Silver (XAG/USD) prices continued their gains for the fourth straight session during Asian trading hours on Tuesday (5/13). Technical analysis of the daily chart shows a bullish outlook, as the precious metal continues to sell off within an ascending channel pattern. Source: Newsmaker.id
Gold prices edged lower during the early Asian session on Tuesday (5/13). The precious metal held steady on the back of a stronger US Dollar (USD), higher US yields and optimism over a US-China trade deal. Improved risk sentiment following the announcement of an interim deal between the United States (US) and China to reduce tariffs has weighed on safe-haven assets, such as gold prices. The US will cut additional tariffs it imposed on Chinese imports in April this year to 30% from 145%, and China's duties on US imports will be reduced to 10% from 125%. The new measures will be effective for...
The price of gold as a safe haven fell as risk sentiment began to emerge following the announcement of an interim agreement between the United States and China to reduce tariffs. Bullion, which is considered a hedge against economic and geopolitical turmoil, hit a record high of $3,500 last month amid rising tariff uncertainty. Gold's over-response to chaotic headlines from the White House last month left the precious metal vulnerable to a retraction of Trump's statement. As of this news release, the price of gold is at $3,234