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 were steady above $32 an ounce on Monday (2/17). The metal was supported by a weaker dollar, driven by weak US economic data and easing concerns over a global trade war. However, silver hit a three-month high on Friday as strong industrial demand, especially from the electrification and manufacturing sectors, supported prices. Source: Newsmaker.id
Gold (XAU/USD) prices weakened slightly in mid-European trading on Monday (2/17), below $2,900 at the time of writing. Meanwhile, the United States (US) market is closed due to the President's bank holiday. On a rather quiet trading day, no less than three Fed speakers will make comments in the macroeconomic calendar without any releases. Source: Newsmaker.id
Silver prices stabilized above $32 per ounce on Monday after experiencing wild swings in the previous session. The metal found support from a weaker dollar, driven by softening US economic data and easing concerns over a global trade war. Investors also kept an eye on US-led efforts to resolve the war in Ukraine, which could reduce demand for safe-haven assets like silver. However, silver reached a three-month high on Friday as strong industrial demand, particularly from the electrification and manufacturing sectors, supported prices. Recent data revealed that China added 357 gigawatts of...
Gold (XAU/USD) maintained its bid tone around the $2,900 round-figure mark through the first half of the European session on Monday, albeit lacked any follow-through and remained below its all-time peaks touched last week. Investors remained concerned that US President Donald Trump's tariffs could trigger a global trade war. This turned out to be a key factor that continued to benefit the bullion as a safe-haven asset. Meanwhile, growing market acceptance that the Federal Reserve (Fed) will stick to its hawkish stance and keep interest rates on hold for an extended period helped revive...
Gold edged higher in the Asian morning session on a possible technical recovery after front-month Comex gold futures closed nearly 1.5% lower on Friday. However, the precious metal's gains may be capped by easing concerns over U.S. tariffs that could hurt economic growth.The market is starting to realize that President Trump is using tariffs as a negotiating tool, ANZ Research analysts said in a note. This follows his order for reciprocal tariffs, which may take weeks or even months to be finalized.Until this news was released, the price of Gold was at the level of $ 2,898 Source:...