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 started to move up at the beginning of the European session on Monday (20/1), this was driven by the US Dollar (USD) factor which attracted new sellers and eroded most of Friday's positive movement amid speculation that the Federal Reserve (Fed) will cut interest rates twice this year. Meanwhile, at this time investors may also refrain from using aggressive tactics and choose to wait for Trump's inauguration speech. At the time of this news release, Gold was at the level of $30,380 Source: Newsmaker.id
Gold risks appear skewed to the upside ahead of Trump's inauguration, as investors brace for policy changes that could have economic implications, said Pepperstone research strategists. Trump's executive orders are likely to dictate gold's direction in the coming weeks, he added. Gold is already up 3% YTD, above $2,700, amid political and trade uncertainty. If Trump imposes tariffs that disrupt trade flows and increase economic volatility, gold's role as a safe haven asset will be strengthened. Source: Newsmaker.id
Silver prices continued to fall below $30.30 an ounce on Monday, after posting a third straight weekly gain as lower underlying U.S. inflation strengthened expectations for further Federal Reserve interest rate cuts this year. Traders were wary of Donald Trump's inauguration as U.S. president on Monday night, which could herald an era of massive tariffs, trade wars and widespread market turmoil. Meanwhile, in the Middle East, a long-overdue ceasefire in the Gaza war came into effect as Hamas released three female hostages in exchange for 90 Palestinians held in Israeli jails. Source:...
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...