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Indonesia News Portal for Traders | Financial & Business Updates

9 May 2025 14:47  |

Silver Prices Steady Ahead Of Key US-China Trade Talks

Silver prices were steady around $32.50 an ounce on Friday (09/05), after a volatile week as investors remained cautious ahead of high-stakes US-China trade talks scheduled for later this week in Switzerland. The upcoming talks will bring together Chinese Vice Premier He Lifeng and US Treasury Secretary Scott Bessent, as both sides seek to defuse escalating tariff tensions. Markets are closely watching for any signs of de-escalation that could affect the broader commodities landscape. Meanwhile, US President Donald Trump announced a preliminary trade deal with the UK—the first since he imposed sweeping tariffs last month. Elsewhere, US Federal Reserve Chairman Jerome Powell reinforced his cautious monetary policy stance, warning of rising risks to inflation and jobs while rejecting calls for preemptive interest rate cuts to offset the economic impact of tariffs. (Newsmaker23)

Source: Trading Economics

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