Lates News

On Friday, due to the strengthening of the US dollar, gold and silver prices both fell as the initial jobless claims in the US were weaker than expected. In addition, President Trump's more moderate attitude towards Iran also weakened the safe-haven demand for precious metals. Analysts say that this decline is related to the rise of the US dollar index to the level of 99.49, the highest level since early December last year. Market observers say that despite the recent fall in gold and silver, the geopolitical risks from internal unrest in Iran and issues related to Venezuela and Greenland are still supporting the safe-haven demand for precious metals. These uncertainties are leading investors to continue to focus on precious metals as a hedge against risks. Analysts expect gold and silver prices to continue to be volatile this week, mainly affected by fluctuations in the US dollar index. At the same time, the market is also waiting for a significant ruling from the US Supreme Court on the tariff case, which could further affect the trend of precious metal prices.