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Silver Price Forecast: XAG/USD holds below $52.50 as easing trade tensions cap safe-haven demand
Silver price (XAG/USD) declines near $52.35 during the early Asian session on Tuesday. The white metal retreat from last week’s record high due to the safe-haven demand eased as trade tensions between the US and China softened. Traders will take more cues about the US interest rate path from the speech of Federal Reserve (Fed) Bank Governor Christopher Waller later on Tuesday. Analysts believe that Silver might decline on profit-booking, as traders cash in on their gains. Additionally, US President Donald Trump on Friday sought to ease trade tensions with China, saying that his proposed 100% tariff on goods from ... (full story)
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