Gold hit a new lifetime high in both domestic and overseas markets last week. Uncertainty over US trade tariffs bolstered gold’s safe-haven appeal. Firm overseas prices, a record weak Indian Rupee, and stable demand offered additional support to domestic prices.
Tariffs
Silver Prices Rebound on Trade Tensions
Silver prices recovered from the previous session’s decline to $33 an ounce on Thursday, as trade and geopolitical uncertainties boosted demand for the safe-haven metals.
Silver softens ahead of US CPI report
Silver remained below $31 an ounce on Wednesday as investors awaited a key US inflation report that could provide further clarity on the Federal Reserve’s monetary policy direction.
Gold hits record high on Trump’s tariffs
Gold News Todays: Gold rose to a new all-time high after US President Donald Trump imposed tariffs on Canada, Mexico and China, driving investors to safe havens, ING’s commodity analysts Warren Patterson and Ewa Manthey notes.
China-U.S. Trade Talks ‘Making a Final Sprint’: State Media
Chinese state media on Saturday expressed cautious optimism over trade talks between the United States and China, a day after President Xi Jinping said a week of discussions had produced “step-by-step” progress.
President Trump: Predicts ‘Great Deal’ with China on trade
Gold Silver Reports (GSR) — He expects a bounce after the midterm elections thanks to strong earnings, monetary policy that is still “pretty easy” and fiscal policy that should continue to support the market.
U.S. Plans More China Tariffs If Trump-Xi Meeting Fails, Sources Say
The United States is preparing to announce tariffs on all remaining Chinese imports by early December if talks next month between presidents Donald Trump and Xi Jinping fail to ease the trade war.
Trump says Steel and Aluminum Tariffs will Remain – Gold Silver Reports
Trump: “If we can’t make deal with the EU, tariffs will be imposed on cars.”
Trump says will keep steel, aluminum tariffs on mexico, canada unless they can do something like quotas
What China Can Gain from Trump’s Trade War – Gold Silver Reports
Gold Silver Reports (GSR) — The world’s two largest economies – China and the United States – are engaged in a full-blown trade war, and what US President Donald Trump hoped would be a blitzkrieg has turned out more like trench combat. Many fear that this is only the beginning of a long conflict that could include weapons – and casualties – far outside the realm of trade.
Trump is said to back $200 Bln China Tariffs Early as Next Week – Gold Silver Reports
Trump is said to back $200 Bln China Tariffs Early as Next Week – Neal Bhai Reports