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 climbed toward $33 per ounce on Thursday, recovering losses from the previous session as trade and geopolitical uncertainties drove demand for safe-haven metals. Earlier this week, US President Donald Trump announced plans to impose 25% tariffs on imports of automobiles, semiconductors, and pharmaceuticals, reigniting fears of a broader global trade war. Market anxiety also deepened following Trump's remarks calling Ukrainian President Volodymyr Zelenskiy a dictator amid ongoing peace talks with Russia to end the war in Ukraine. Meanwhile, US Federal Reserve officials noted...
Gold prices rose to an all-time high (ATH) and traded above $2,950 an ounce on Thursday (20/2), as concerns that US President Donald Trump's tariff threats will trigger a global trade war boosted investor interest in the metal. Spot gold prices rose 0.7% to $2,953.12 an ounce, as of 0853 GMT, after hitting $2,954.69 earlier in the session, a 10th record high this year. Source: Newsmaker.id
Silver prices are supported by global uncertainty following fresh tariffs from US President Donald Trump.The latest FOMC Meeting Minutes stressed the need for more time to assess various factors before considering any interest rate adjustments.The grey metal is supported by strong industrial demand driven by electrification and manufacturing.Silver (XAG/USD) bounced back from recent losses recorded in the previous session, The grey metal is gaining momentum as its safe-haven appeal remains strong amid global uncertainty. US President Donald Trump recently proposed a 25% tariff on cars, along...
Gold prices edged higher to a record high on Thursday morning (2/210) as fresh geopolitical tensions supported demand for the precious asset, with traders looking for past signals that the Federal Reserve is in no rush to cut interest rates.Meanwhile, investors were digesting the latest Fed minutes, which reiterated U.S. policymakers' cautious stance on interest rates amid stubborn inflation and economic uncertainty. Lower borrowing costs tend to benefit bullion, as it does not pay interest. Source: Newsmaker.id
Silver (XAG/USD) prices recovered from intraday losses and turned flat on Wednesday (2/19). The white metal bounced back as its appeal as a safe-haven asset remained strong amid concerns about a global economic slowdown from potential tariffs by United States (US) President Donald Trump. President Trump has threatened to impose 25% tariffs on cars, pharmaceuticals, and semiconductors and that the tariffs could increase substantially next year. Trump added that some tariffs could be imposed in April, the same time frame in which he had planned to unveil a reciprocal tariff plan as...