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 rose as markets digested comments on tariffs from US President Donald Trump ahead of a weekend meeting between the US and China.President Trump, meanwhile, said that an 80% tariff on Chinese goods "seems appropriate" as representatives prepared for weekend talks to contain a trade war between the world's two largest economies.As of this writing, Gold is at $3,339 Source: Newsmaker.id
Silver prices were steady around $32.50 an ounce on Friday (9/5), after a volatile week as investors remained cautious ahead of high-stakes US-China trade talks scheduled for later this week in Switzerland. The upcoming talks will pit Chinese Vice Premier He Lifeng against US Treasury Secretary Scott Bessent, as both sides seek to defuse escalating tariff tensions. Source: Newsmaker.id
Gold was steady at $3,325 in Europe on Friday (9/5). On the other hand, progress in global trade negotiations after the US announced a deal with the UK and ahead of a meeting that thaws the atmosphere with China has eased demand for safe-haven assets in recent days. However, market observers said investors were wary of the limited scope of the UK agreement and were looking at the upcoming meeting between Washington and Beijing with cautious optimism, as negotiations could be long and drawn out. Source: Newsmaker.id
Gold fell on Friday (5/9), as optimism over US-China trade talks reduced the appeal of safe-haven assets. Officials from both countries are scheduled to meet later this week, raising hopes of progress in resolving trade disputes. The announcement of a US-UK trade agreement further eased concerns over global trade tensions. Source: Newsmaker.id
Silver prices rallied again, recovering losses from the previous session as investors sought refuge in safe haven assets amid persistent economic and trade uncertainty. The recovery followed the Federal Reserve's decision on Wednesday to keep interest rates steady, as expected.As of this writing, Silver is at $32,452 Source: Newsmaker.id