Gold prices fell nearly 1% after Trump and Xi’s talks calmed trade tensions, while silver soared to a 13-year high above $35. Learn why gold and silver are moving and what’s next for precious metals.
Trade Tensions
Why Silver Prices Are Skyrocketing, Silver prices hit a 12-year high
Silver prices hit a 12-year high of $35.60 per ounce due to weak US economic data and expectations of a Federal Reserve rate cut. Learn why silver is surging and what’s driving market trends.
US-China Trade Talk: Impacts on Gold, Silver, and Commodities
Explore the latest US-China trade talk updates and their impact on gold prices, silver prices, and the commodity market. Stay informed on trade dynamics and market trends.
Gold prices fall amid hopes of US-China tariff talks
US-China tariff talks: The price of gold (XAU/USD) continued to drop during the first half of the European trading session and is now around $3,217, just above the lowest point in two weeks reached earlier today. Positive global market vibes, driven by reduced trade tensions between the US and China, along with a stronger US Dollar, have pushed investors away from gold, a safe-haven asset, for three days in a row.
Safe-haven gold clears $3,000 for the first time
Gold pierced through the psychological milestone of $3,000 an ounce on Friday for the first time, building on an historic rally as trade tensions and U.S. rate cut bets supercharge its appeal as a safe haven asset.
Gold Rises on Trade War Fears, Now Keep eyes on US PPI data
Gold rose on Thursday, supported by a weaker U.S. dollar and growing worries over U.S. President Donald Trump’s tariff plans, which could heighten global trade tensions, while investors eyed another set of inflation data.
Why Gold Prices are Rising Suddenly 40,000?
The uncertainty over US-China trade talks, developments in the global market and talks surrounding recession are some of the key reasons that have triggered a rise in prices of gold, reported Business Today.
Gold Prices Hold Firm on Trade, Growth Concerns
Gold Silver Reports (GSR) – FUNDAMENTALS — Scrap gold supplies in India, the world’s second-biggest consumer of bullion, may increase this quarter as a rally in local gold prices has prompted consumers to sell old trinkets and jewellery.
Trump may impose auto tariffs as early as next week: German magazine
The report recommends 25 percent duty on car imports from all countries except Canada and Mexico. There will be no exceptions for certain car types. …
Trump Looks to Expand Tariffs to All Chinese Goods
Gold Silver Reports (GSR ) – Trump, in an interview with the Wall Street Journal published Monday, said he’s prepared to impose tariffs on a final batch of $267 billion of Chinese shipments if he can’t make a deal with Xi when they meet at the Group of 20 meeting in Argentina, which starts Nov. 30. The rate could be either 10 percent or 25 percent, Trump said.