Silver prices stabilized on Wednesday (August 6th) as expectations of a Fed interest rate cut increased following the release of weaker-than-expected US employment data. Besides its role as a precious metal, silver also received support from the industrial sector, particularly amid a recovery in global manufacturing activity and demand from the renewable energy sector. The weakening US dollar also strengthened silver's position as an alternative hedge, while investors began returning to the precious metals market following stock market volatility and uncertainty over the direction of global...
Silver (XAG/USD) rose on Wednesday (6/18). The white metal is currently trading just above the $37.00 round figure and seems poised to extend its recent uptrend from April monthly swing lows. In addition, the Middle East conflict is escalating into a wider war after President Donald Trump called for Iran's unconditional surrender. Source: Newsmaker.id
Gold edged higher, with safe-haven demand from rising risks of a wider war in the Middle East offset by weak U.S. economic data that raised the prospect of a rate cut. While rising tensions boosted bullion's appeal as a store of value amid geopolitical turbulence, traders also factored in a series of lukewarm U.S. reports on retail sales, housing and industrial production that strengthened the case for a Federal Reserve rate cut this year. However, the Middle East conflict has fueled a spike in crude prices that could stoke inflation, making aggressive Fed monetary easing less likely. A...
Silver prices fell on Tuesday (6/17)As an industrial metal, silver is highly dependent on sectors such as electronics, automotive, and renewable energy. Fears of a recession, rising tariffs, and declining manufacturing activity from China et al. have suppressed demand, so that silver prices are more affected than gold. After the early 2025 rally, many traders are locking in profits (profit-taking). This price correction is also driven by technical conditions: resistance at the US$36-37 level and support around US$33-34 Source: Newsmaker.id
Gold rose in early Asian trade on Tuesday (06/17) after U.S. President Donald Trump called for the immediate evacuation of Tehran, boosting demand for the precious metal as investors monitor hostilities between Israel and Iran. Trump issued the call to evacuate the Iranian capital in a social media post hours after he urged Iranian leaders to sign a deal to curb its nuclear program. Source: Newsmaker.id
Gold (XAU/USD) prices extended its steady intraday decline from near two-month tops and eased to the $3,400 range during the early European session on Monday. A generally positive sentiment around equity markets was seen as a key factor undermining the safe-haven bullion, which now seems to have snapped three consecutive days of winning streak. Source: Newsmaker.id