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 extended Friday's rally, to its highest in more than three months and outperforming other bullion as demand in electrification and manufacturing added support from the global safe haven. An unexpected recovery in the ISM Manufacturing PMI for January boosted the outlook for US factory demand after more than two years of monthly contraction. Also, new data showed that China is installing 357 gigawatts of solar and wind power by 2024, among the major industrial uses of silver. Also in solar power, Oil and Natural Gas Corporation of India has pledged to invest INR 1 trillion in...
Gold fell on Friday (2/14) after testing a record high of $2,940 earlier in the session as markets weighed global demand for safety and the outlook for Fed monetary policy. US President Donald Trump said the US would mediate a ceasefire with Moscow over Russia's war with Ukraine, raising expectations that the conflict could end soon, supporting riskier assets in Europe. Source: Newsmaker.id
Silver continued its rally past $33 an ounce on Friday (2/14), its highest level in more than three months and outperforming other bullion as its demand in electrification and manufacturing added support from the global shift to safe assets. Sumber: Newsmaker.id
Gold prices rose on Friday (2/14) and were set for a seventh straight weekly gain as concerns over a potential global trade war grew after U.S. President Donald Trump pushed for tit-for-tat tariffs. Spot gold rose 0.3% to $2,936.79 an ounce by 0828 GMT, bringing its weekly gain to 2.7%. Bullion hit a record high of $2,942.70 on Tuesday. U.S. gold futures rose 0.5% to $2,961.40. Source: Newsmaker.id
Silver (XAG/USD) prices traded in positive territory for the third straight day during the Asian session on Friday. Growing concerns about US President Donald Trump's tariff policies continued to support the white metal. Traders are gearing up for US Retail Sales for January, due out on Friday.US President Donald Trump has vowed to target countries that tax US imports by matching them with reciprocal tariffs. Late on Thursday, Trump ordered his administration to begin a study assignment in early April, fueling fears of a global trade war, boosting safe-haven assets like Silver. As of this...