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Gold trades near record highs on US rate cut bets; silver at 14-year high
Gold hit a more than four-month high on Monday to trade around $30 shy of all-time highs, buoyed by U.S. Federal Reserve rate cut bets and a softer dollar, while silver breached $40 per ounce for the first time since 2011. Spot gold was up 0.7% at $3,469.84 per ounce by 1049 GMT, its highest since April 22 when it touched a record-high of $3,500.05. U.S. gold futures for December delivery gained 0.8% to $3,542.80. Spot silver jumped 2.3% to $40.60 per ounce, its highest since September 2011. The U.S. dollar was trading near its lowest since July 28 against rivals, making greenback-priced bullion cheaper for overseas ... (full story)
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From @realDonaldTrump|Sep 1, 2025|31 comments
What few people understand is that we do very little business with India, but they do a tremendous amount of business with us. In other words, they sell us massive amounts of goods, their biggest “client,” but we sell them very little - Until now a totally one sided relationship, and it has been for many decades. The reason is that India has charged us, until now, such high Tariffs, the most of any country, that our businesses are unable to sell into India. It has been a totally one sided disaster! Also, India buys most of its oil and military products from Russia, very little from the U.S. They have now offered to cut their Tariffs to nothing, but it’s getting late. They should have done so years ago. Just some simple facts for people to ponder!!!
From home.saxo|Sep 1, 2025In a week where the Dollar Index traded sideways, saw speculators add exposure to existing IMM futures positions, both long and short. Net buying of EUR, JPY, and MXN was offset ...
From brecorder.com|Sep 1, 2025|2 commentsFrench Prime Minister Francois Bayrou said on Sunday the destiny of France was at stake in a forthcoming confidence vote, which he called to resolve a budget standoff but is ...
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From steelnews.biz|Sep 1, 2025Nickel prices on the European commodity exchange LME rose sharply in the last week of August compared to the previous week. Prices on the SHFE are also moving upward. Meanwhile, ...
From home.saxo|Sep 1, 2025Silver has climbed above USD 40 an ounce to its highest level in 14 years, extending a rally that has already delivered a 37.5% year-to-date gain. Gold is up 31% over the same ...
From thehill.com|Sep 1, 2025President Trump stood by the steep tariffs he imposed on India as a penalty for buying Russian oil, as Indian Prime Minister Narendra Modi met with Russian President Vladimir ...
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- Sep 1, 2025 8:52am Posted byFundamental Analysis313
