Silver Holds Gains After Tariff Pause
Silver prices stayed above $30.50 per ounce, bolstered by rising safe-haven demand amid escalating US-China trade tensions. The metal held onto earlier 3.5% gain after Trump announced a 90-day tariff pause and a reduced 10% rate for all countries except China, while boosting tariffs on Chinese imports to 125%.
Earlier, China increased tariffs on U.S. goods to 84%, up from 34%, in response to the US increased duties on Chinese imports to 104%. The European Commission approved retaliatory tariffs on nearly €21 billion of US products. Meanwhile, latest FOMC revealed that most officials warned of the risk of stagflation—slower growth paired with persistent inflation.
They also discussed the potential impact of Trump's trade policies on their goals of stable prices and maximum employment, ahead of his April 2 tariff announcement. Investor focus now shifts to US inflation data for March, due Thursday, which will provide more insight into inflation trends and the Fed's policy direction.
Source : Trading Economics
