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 prices fell in early Asian trading on Monday, extending the previous session's decline as a stronger US dollar weighed on the bullion metal and markets awaited the inauguration of US President Donald Trump. However, gold last week posted a weekly gain of 0.5%, its third straight weekly gain. Concerns surrounding tariffs in the global economic landscape, along with potentially stubborn inflation and geopolitical uncertainty, will spur capital flows into gold as a safe haven asset. Source: Newsmaker.id
Gold prices traded flat in the mid-day U.S. session on Friday, holding near a one-month high and on track for a third weekly gain. Recent U.S. economic data, including cooler-than-expected core inflation and disappointing retail sales figures, have reignited hopes that the Federal Reserve could cut interest rates more than once this year. In addition, the potential for tariffs under the incoming Donald Trump administration, which could further fuel inflation, has also strengthened gold's position as an inflation hedge. On the geopolitical front, a ceasefire and hostage release agreement...
Gold (XAU/USD) prices maintained their negative bias through the first half of the European session on Friday (17/1), albeit lacked any follow-through selling and remained near one-month highs touched the previous day. The US Dollar (USD) regained some positive traction and for now, seems to have snapped three consecutive days of losing streak amid growing acceptance that the Federal Reserve (Fed) will pause its interest rate-cutting cycle later this month. This, along with a generally positive tone around the equity markets, turned out to be key factors undermining the precious...
Silver prices surged higher in Europe on Thursday (1/16). The white metal gained as traders increased bets in favor of the Federal Reserve (Fed) delivering more than one interest rate cut this year. Traders are pricing in two rate cuts this year, with the first coming in June instead of September, as had been expected before December inflation data was released. Until this news was released, the price of Silver was at $ 31,788 Source: Newsmaker.id
Gold prices surged above the $2,700 mark as the Dollar pared some of its earlier gains. Data from the United States (US) revealed that the economy remains solid after the release of consumer spending and jobs data. US Treasury yields fell as traders expect further easing by the Federal Reserve (Fed). At the time of writing, XAU/USD was trading at $2,715, up 0.72%.Bullion extended its gains as market participants prepared for the inauguration of US President-elect Donald Trump. The US Census Bureau revealed that Retail Sales missed estimates in December. However, November's data was revised...