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 (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...
Silver strengthened after Investor anxiety increased after President Donald Trump threatened to fire Fed Chairman Jerome Powell, raising concerns about political interference in monetary policy and undermining confidence in the central bank's autonomy. Adding to the risk-off mood were rising US-China trade tensions.As of this writing, silver is trading at $32,593 Source: Newsmaker.id
The dollar continued to be pressured, sending gold prices to a new record high on Tuesday (4/22), as a weaker dollar and uncertainty over the economic impact of U.S.-China trade tensions spurred demand for safe-haven bullion. The dollar fell as investor confidence in the U.S. economy took another hit over President Donald Trump's comments about Federal Reserve Chairman Jerome Powell. A weaker dollar makes bullion more attractive to holders of other currencies. Source: Newsmaker.id
Gold rose to a new record high on Monday (4/21), as a weaker dollar and uncertainty over the economic impact of U.S.-China trade tensions spurred demand for safe-haven bullion. The dollar fell as investor confidence in the U.S. economy was hit again by President Donald Trump's comments about Federal Reserve Chairman Jerome Powell. A weaker dollar makes bullion more attractive to holders of other currencies. Source: Newsmaker.id
Gold (XAU/USD) maintained a strong bid tone throughout the first half of the European session on Monday (4/21) and is currently trading near an all-time high, just below the $3,400 mark. US President Donald Trump's tough international trade policies have raised the possibility of a US recession, which continues to weigh on investor sentiment and benefit the precious metal which is a safe-haven asset. Source: Newsmaker.id