Stocks in the US were mostly higher on Wednesday, with the S&P 500 up 0.1%, the Nasdaq adding 0.2% and the Dow Jones swinging around the flatline. Traders remain focused on corporate earnings and trade developments, particularly after President Trump announced increased tariffs targeting countries that purchase energy from Russia. He also signaled that new levies on semiconductor and pharmaceutical imports will be unveiled "within the next week or so". Apple was up 2.8% as President Donald Trump is set to announce the firm will commit to another $100 billion investment on domestic...
Silver prices attracted some sellers near $30.20 during the early European session on Monday (13/1). A stronger greenback and rising US bond yields weighed on the USD-denominated commodity prices.Expectations of a slower pace of interest rate cuts from the US Federal Reserve (Fed) this year amid sluggish inflation and a strong labor market in the US economy could drag the white metal lower in the near term. The US Bureau of Labor Statistics (BLS) reported on Friday that Nonfarm Payrolls (NFP) rose by 256,000 in December compared to 212,000 previously, better than the estimate of 160,000....
Silver prices fell in midday U.S. trading on Monday, halting last week's gains, as the dollar strengthened following stronger-than-expected U.S. jobs data last week. The data dimmed expectations for further interest rate cuts by the Federal Reserve this year, and a stronger dollar makes dollar-denominated commodities such as silver more expensive for buyers holding other currencies, denting demand. Source: Newsmaker.id
Silver prices (XAG/USD) experienced a correction to around $30.20 per troy ounce on Monday (13/1), slightly reversing some of its gains recorded last month, as the dollar strengthened following stronger-than-expected US jobs data. Looking ahead, investors are focused on US inflation data this week for further insight into the direction of Fed policy. Despite the recent decline, silver has jumped almost 3% last week, marking its best weekly performance since mid-November. Meanwhile, silver's value continues to be supported by strong industrial demand, especially in renewable energy...
Gold prices reversed the Asian session decline to the $2,688 area and are currently trading just below the one-month highs hit on Friday, although the upside appears limited. The upbeat US Nonfarm Payrolls (NFP) report reinforced market expectations that the Federal Reserve (Fed) will halt its interest rate-cutting cycle later this month. This, coupled with persistent geopolitical risks, dampened investors' appetite for riskier assets, as evident from the weaker tone around equity markets and acted as a tailwind for the safe-haven precious metal. Source: Newsmaker.id
Silver prices are holding in positive territory, nearing a three-week high as investors digest the Fed's cautious stance on interest rate cuts. The Fed's uncertainty around inflation and proposed tariffs under President-elect Trump have kept market participants on edge, bolstering demand for silver as a safe-haven asset.In addition, strong industrial demand for silver, driven by its critical role in renewable energy and electronics technologies, has further boosted its value. Supply constraints, including labor strikes and operational disruptions in mining, have exacerbated the supply...