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 Economy
Fed policymakers express concerns over economic and business sentiment
Federal Reserve: During a discussion panel hosted by the Federal Reserve (Fed) Bank of Atlanta, the San Francisco and Cleveland Fed Bank Presidents Mary C. Daly and Beth Hammack both took the opportunity to express concern about the current state of the US economy. While economic data remains firm, US trade policy has made many consumers and businesses increasingly sour. Atlanta Fed President Raphael Bostic also participated in the event, adding to his previous comments made on Tuesday.
US Federal Reserve Will Likely Keep Interest Rates the Same
The Federal Reserve, which controls money in the US, will probably not change interest rates on Wednesday. They want to learn more about President Trump’s new trade plans before deciding anything. This might upset some people, including the president, who want the rates to change soon.
Extreme volatility sends US stocks on a roller coaster ride as Wall Street is rattled by tariffs
US stocks mostly fell after an extremely volatile day Monday — tumbling, surging and then bouncing around in every direction, as traders searched for any sign that President Donald Trump’s tariffs could be negotiated or halted.
Gold investors await Trump tariff plan
Gold prices held firm on Wednesday after jumping to an all-time high in the previous session, as investors hunkered down and awaited details of U.S. President Donald Trump’s tariff plans.
Trump Tariffs LIVE: US flags India’s rising import duty barriers ahead of ‘Liberation Day’ deadline
Donald Trump Tariffs LIVE: The United States President, Donald Trump, is set to unveil a new set of tariffs for nations worldwide on Wednesday, April 2. Trump also branded the date as “Liberation Day,” when the administration seeks to boost domestic manufacturing, among other things.
US Fed meeting: No change in rates, US markets fall after announcement
US Fed meeting: The process of rate cuts in the US has stopped for the time being. In the Federal Reserve meeting held on Wednesday, January 29, it has been decided not to make any change in the rates. This decision has been as per the market estimates. After the decision of the central bank, the rates will remain in the range of 4.25 percent to 4.5 percent.