April 25, 2025 6:53 am
Spot Gold retreated more than 1% on Friday, as China was considering suspension of tariffs on some US imports, which reduced the safe haven allure of the yellow metal. Media reports stated that some US imports might be exempted from China’s 125% tariffs, with the government asking businesses to identify goods that could be eligible. […]
Read moreApril 24, 2025 9:54 am
Spot Silver pulled back from a 3-week high of $33.68 per troy ounce on Thursday, as investors likely took profits after yesterday’s 3.3% rally. Developments on the tariff front continued to be in the spotlight. US Treasury Secretary Scott Bessent said yesterday that the current high tariff rates between the US and China were unsustainable […]
Read moreApril 24, 2025 6:48 am
Spot Gold rebounded from a one-week low of $3,260.19 per troy ounce on Thursday on likely dip buying. “The kind of volatility we’re seeing this week is being driven by technicals and headline risk. But the fundamentals are strong, so dip buying is effectively a function of investors moving in on the basis of the […]
Read moreApril 23, 2025 10:55 am
The USD/ZAR currency pair hovered just above a fresh 3-week low of 18.4876 on Wednesday, as the Rand remained firm against a broadly weaker US Dollar after the latest CPI data out of South Africa. Annual consumer price inflation in South Africa has eased to 2.7% in March from 3.2% in February, against market consensus […]
Read moreApril 23, 2025 8:49 am
Spot Silver rose more than 1% on Wednesday, holding near the $33 mark, as it tracked a broader rally in commodities due to signs of easing trade tensions between the US and China. US President Trump expressed optimism that a trade deal with China could “substantially” lower tariffs on Chinese imports, while the final deal […]
Read moreApril 23, 2025 7:01 am
Spot Gold pulled back from an all-time high of $3,500.12 per troy ounce on Wednesday, after US President Donald Trump withdrew threats to fire Federal Reserve Chair Jerome Powell and also expressed optimism over a trade deal with China, which reduced the metal’s safe haven allure. Yesterday US President Trump withdrew his threats to dismiss […]
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