Silver opened at 43,958 at the start of the Asian session, holding near its highest level in over 14 years. Market sentiment remains positive after the Fed cut interest rates last week, which has increased the demand for non-yielding assets like gold and silver. Additional support comes from industrial demand, particularly in China's renewable energy and solar panels, which continues to maintain high demand for silver. Furthermore, geopolitical tensions between Russia and NATO have strengthened investor interest in safe-haven assets. Fund flows into precious metal-based ETFs have also...
The gold market (XAU) is highly sensitive to geopolitical developments. Changes in Russia's nuclear policy have raised concerns about nuclear escalation. In addition, Ukraine's use of US-supplied ballistic missiles has increased demand for gold as a safe haven asset, pushing the price to $2,640, a clear reflection of investor risk aversion. The current gold price is at $2638/ toz. Source: newsmaker.id
Silver (XAG/USD) prices are still maintaining their positive trend, trading around $31.20 per troy ounce during the Asian session on Wednesday (11/20). Silver prices are likely to come under pressure after China's Monetary Policy Committee decided to maintain its benchmark interest rate for November. Meanwhile, higher interest rates in China, a major global manufacturing hub for electronics, solar panels, and automotive components, are likely to dampen industrial demand for Silver. Source: newsmaker.id
Gold rise 0.7% to $2,630 a troy ounce, as a sharp decline in prices last week prompted renewed interest. The precious metal had tumbled around 4.5% a week prior. Since the arguments in favor of gold haven't changed, the lower price level is likely pulling in renewed buying interest, Commerzbank analysts say in a note. U.S. inflation is likely to rise noticeably due to the expected tariff policy of President-elect Trump, without the Fed reacting by tightening monetary policy, says Commerzbank's Carsten Fritsch. Source: newsmaker.id
Gold prices are in the $2625 area after touching the $2639 area today.The precious metal is stable amid concerns about rising geopolitical tensions as Russian President Vladimir Putin approved a revision of the country's nuclear policy. The move has raised fears of a nuclear war, prompting investors to turn to safe haven assets such as Gold. Source: newsmaker.id
Harga perak (XAG/USD) terus menguat untuk hari kedua berturut-turut, diperdagangkan di sekitar $31,372 per troy ounce pada sore ini. Logam Putih ini sebagai aset safe haven telah mengalami peningkatan permintaan di tengah meningkatnya ketegangan geopolitik. Presiden AS Joe Biden mengizinkan Ukraina untuk menggunakan senjata buatan AS untuk melakukan serangan jauh di dalam Rusia, sebuah langkah yang menimbulkan kekhawatiran di kawasan tersebut. Sumber: newsmaker.id