Demand for silver continues to rise sharply, driven primarily by the technology, electric vehicle, and solar power sectors—where silver is highly sought after due to its superior electrical conductivity. Meanwhile, silver supply remains limited because many mines only produce silver as a byproduct of copper, lead, or zinc—so even when prices rise, production does not immediately respond.Due to the combination of rising demand and slow supply growth, the silver market has recorded a structural deficit for several consecutive years. This provides a strong fundamental basis for the potential...
Gold held on to gains ahead of the Federal Reserve's interest rate decision later Wednesday, with traders also weighing President Donald Trump's latest tariff threats. Bullion traded near $2,765 an ounce — less than $30 off an all-time high — as investors turned their attention to the U.S. central bank's first meeting of 2025. Policymakers are widely expected to keep interest rates steady this week, though Fed Chair Jerome Powell is expected to give a press conference that could provide clues about the outlook for the next meeting in March. Lower interest rates tend to benefit gold, as it...
Silver prices (XAG/USD) fell on Tuesday (1/28). The non-interest-bearing metal faces challenges with the upcoming US Federal Reserve (Fed) policy decision this week. There is widespread anticipation that the Fed will maintain its current interest rates, marking the first pause in its rate-cutting cycle. Uncertainty surrounding US President Donald Trump's trade and immigration policies could prompt the Federal Reserve to remain cautious in cutting rates this year. Trump's policies are considered inflationary, which may cause the central bank to keep interest rates higher for a longer period,...
Gold traded steady after Trump said he had imposed tariffs on steel, aluminum and copper imports, without providing details on the size.The Financial Times reported that Treasury Secretary Scott Bessent is pushing for a universal tariff on U.S. imports to start at 2.5% and rise gradually, citing unnamed sources.Source: Newsmaker.id
Silver prices hovered around $30.50 an ounce, trading in a narrow range since hitting a one-month high of $30.80 on Jan. 22 as support from speculation of looser monetary policy by the U.S. Fed weighed on waning demand for silver among industrials. The Fed is set to keep interest rates unchanged this week, but investors are hoping that Chairman Powell will refrain from making overly aggressive guidance after the latest CPI data showed weakness in underlying inflation. Source: Newsmaker.id
Gold prices held steady on Tuesday (1/28) as traders weighed President Donald Trump's latest tariff threats, while clouds hung over the stock market due to a decline in global technology stocks. Bullion was trading near $2,742 an ounce after Trump said he would impose tariffs on steel, aluminum and copper imports, without providing details on the amount. Source: Newsmaker.id