SLV250516P34000
- 4.49
- -0.21-4.47%
iShares Silver Trust Newsroom
Commodity Roundup: Easing Trade Concerns Temper Gold Gains; Oil Set for Weekly Rise
As the tide of risk aversion recedes, international gold prices have dipped to a low of 3120 dollars per ounce, but long-term support factors still exist.
① The China-US tariff war has come to a temporary conclusion, market risk aversion has diminished, and international gold prices have pulled back nearly $380 from a high of $3,500. ② On May 15, international gold prices dipped to a low of $3,120 per ounce, COMEX gold fell over 2%, and the Gold fund dropped more than 3%.
Gold Rises as Tame Economic Data Boosts Chance for Fed Rate Cuts
Exchange-Traded Funds, Equity Futures Lower Pre-Bell Thursday Ahead of Key Inflation Data
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Commodity Roundup: Crude Oil Sinks on Demand Concerns, Gold Haven Bets Fall
Reasons hindering Gold from continuing to rise: the narrative of "dollar credit collapse" has been interrupted.
Soochow believes that the long-term trend of Gold may still be upward, but the momentum for short-term increases has been weakened. The narrative supporting the rise of Gold, centered around the "collapse of US dollar credit," is being challenged. The completion of the China-US trade agreement, improvements in US fiscal revenue, and expectations of interest rate cuts by the Federal Reserve may all lead to a stronger dollar, thereby diminishing the attractiveness of Gold.
Hedge Fund Manager Einhorn Sees Upside for Gold and Inflation
Adapting to an Unstable World: Gold, Dollar, and Investor Strategies
Gold Drops to Lowest in a Month on Falling Safe-Haven Demand
Gold & the Fed: Investing in the Metal Amid Rate Cut Hopes
The gains of the three major U.S. stock index futures narrowed to nearly flat, most Chinese concept stocks rose, Gold continued to adjust, and the Korean won rose significantly.
In Pre-Market Trading, the three major index futures are almost flat. Some Technology stocks have risen, with NVIDIA up about 2% and AMD up about 1.5%. Previously, both companies announced they would provide Semiconductors to an AI company in Saudi Arabia for a $10 billion Datacenter project. Pony.ai's stock rose over 16% in Pre-Market Trading, with reports that the company plans to apply for a confidential listing in Hong Kong, and Pony.ai has accumulated a rise of over 38% in the past five trading days.
Gold Edges Lower as Traders Assess Trade Talks, Fed Outlook
Rising Silver/Gold Ratio Signals a Broader Commodity Rally Ahead
Exchange-Traded Funds, Equity Futures Lower Pre-Bell Tuesday Ahead of Key Inflation Data
JPMorgan Sees Gold Hitting $6,000 by 2029 on Geopolitical and Economic Forces
What a Steepening Gold Futures Curve Says About Demand for the Yellow Metal
Gold Prices Rebound To RM14,079.37, Up 1.57% Despite US Market Weakness
With the easing of trade tensions, Japanese stocks are poised for their longest rally since 2009, while U.S. Futures are down, and Gold has risen sharply by 30 dollars in the short term.
The Japan Tokyo Stock Index has risen for the 13th consecutive trading day, reaching its highest intraday increase since August 2009; the India SENSEX Index fell by 0.8%, and the Pakistan KSE-100 Index rose by 0.45%; the USD/JPY has slightly weakened, dropping by 0.35% during the day; spot Gold has increased by 0.61% to $3,254 per ounce.
Gold Sinks More Than 3% on U.S.-China Trade Optimism but Uncertainty Says High