US Stocks plunged on Friday, as investors reacted to a weak July jobs report and a fresh round of tariffs announced by President Trump. The S&P 500 and Nasdaq fell 1.6% and 2.2%, their steepest drops since April, while the Dow lost 542 points. Payrolls rose by just 73,000 in July, far below expectations, with sharp downward revisions to prior months signaling deeper labor market weakness. Treasury yields fell and the odds of a September Fed rate cut rose above 80%. Sentiment worsened after new tariffs of 10% to 41% were imposed on imports from key partners including Canada, India, and...
Silver prices inched higher on Monday, recovering from last week's steep sell-off as the U.S. dollar's rally paused. The market remains range-bound, with traders analyzing critical levels and upcoming macroeconomic developments to gauge the next move. Silver's significant losses last week were largely tied to a stronger dollar, fueled by reduced expectations for aggressive Federal Reserve rate cuts. The dollar index gained 1.6% but has now stabilized below its one-year high. This pause has eased some of the pressure on silver prices, as a weaker dollar makes the metal more accessible to...
The price of gold shifted to the $ 2600 area tonight, after having declined steep to the level of $ 2523 after the US presidential election.Goldman Sachs Group Inc. Reaffirming the estimated price will rise to $ 3,000 per ounce at the end of next year, with analysts advising investors to "find gold." The bank includes speculation in gold bars among its top commodity choices for 2025 related to the trimming of the Fed's interest rates, the central bank continues to buy precious metals and Trump holds the position of the President. Source: Newsmaker.id
Silver prices moved to the $30.7 area this afternoon, after dropping to the $29 level after the US Presidential election. Technical indicators on the daily chart are holding in the negative territory and are still far from the oversold zone. Hence, any further upward movement is likely to face stiff resistance and remain capped near the $31.00 round figure. Concerns about escalating geopolitical tensions, along with a weaker US Dollar (USD), turned out to be the key factors that acted as a boost for the safe-haven precious metal. However, expectations of a less dovish Federal Reserve...
Gold prices are still stable around $2586 per troy ounce in the European session on Monday. Until now, gold has only been able to touch its highest area of $2590. Concerns about increasing geopolitical tensions, along with the weakening US Dollar (USD), turned out to be the main factors that acted as a driver for the precious metal which became a safe haven. However, expectations of a less dovish Federal Reserve (Fed) limited the increase in the yellow metal which did not produce unbalanced results. The price of Gold when this news was released was +1.00% and was at the level of $2586...
Silver prices rose around $30.60 an ounce on Friday but were still on track for a fourth straight weekly decline, as a stronger US dollar continued to weigh on the precious metal. The dollar's rally was somewhat muted in Asia today. In addition, the market sharply reduced the probability of a quarter-point rate cut at the Fed's December meeting, with the odds dropping to around 59%, down from 82.5% the previous day. Silver prices at the time of writing were +1.5% and were at $30,711 Toz. Source: newsmaker.id