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One of the main contributing factors to gold’s recent price rally is the more complicated-than-expected situation in the US domestic economy. Reports indicate that only 73,000 new jobs were created<\/a> in the US in July. Additionally, revised employment figures for May\u2013June show that just 33,000 new jobs were created during those two months combined. Silver prices showed relatively modest movements over the same period, with the metal reaching $37.35\/t. oz. on 5 August.<\/p>\n\n\n <\/p>\n\n\n\n Currently, silver price growth is supported both by economic disruptions within the US domestic market and by the continued aggressive US trade policy. Donald Trump confirmed that new import tariffs will be imposed on a wide range of trading partners from 7 August and, starting 1 August, a new, 35% import duty on Canadian goods<\/a> was introduced without delay. The global palladium price showed no significant changes between 30 July and 5 August, with the metal priced at $1,210\/t. oz. on 5 August.<\/p>\n\n\n <\/p>\n\n\n\n Platinum prices increased by approximately 1.8% during the same period, reaching $1,333\/t. oz on 5 August.<\/p>\n\n\n <\/p>\n\n\n\n The global copper market has faced a sharp price correction since late July\u2013early August. A partial recovery allowed copper to reach a price of $9,716\/t on 5 August.<\/p>\n\n\n <\/p>\n\n\n\n Copper price growth this month has been primarily constrained by recent developments in US trade policy. Following the implementation of new US import tariff on copper, the White House clarified that tariff would not apply to copper input materials<\/a> or copper scrap imported into the United States. This clarification eased investor concerns regarding the future of copper trade flows and triggered more pronounced price corrections.<\/p>\n","protected":false},"featured_media":10996,"template":"","izvalgos_categories":[46],"class_list":["post-10998","izvalgos","type-izvalgos","status-publish","has-post-thumbnail","hentry","izvalgos_categories-market-reviews"],"acf":[],"_links":{"self":[{"href":"https:\/\/novitera.lt\/en\/wp-json\/wp\/v2\/izvalgos\/10998","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/novitera.lt\/en\/wp-json\/wp\/v2\/izvalgos"}],"about":[{"href":"https:\/\/novitera.lt\/en\/wp-json\/wp\/v2\/types\/izvalgos"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/novitera.lt\/en\/wp-json\/wp\/v2\/media\/10996"}],"wp:attachment":[{"href":"https:\/\/novitera.lt\/en\/wp-json\/wp\/v2\/media?parent=10998"}],"wp:term":[{"taxonomy":"izvalgos_categories","embeddable":true,"href":"https:\/\/novitera.lt\/en\/wp-json\/wp\/v2\/izvalgos_categories?post=10998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
These extremely weak job creation indicators are contributing to the US dollar’s decline<\/a> and are fuelling expectations of an interest rate cut by the Federal Reserve at its next meeting<\/a> in September. As a result, the challenging US economic outlook is clearly supporting an increase of demand for dollar-denominated precious metals such as gold, silver and others.<\/p>\n\n\n\n![\"\"](\"https:\/\/novitera.lt\/wp-content\/uploads\/2025\/08\/Ekrano-kopija-2025-08-05-154533.png\")
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Trump also threatened to significantly increase tariffs<\/a> on Indian imports if India continues purchasing Russian oil. This statement received a sharp response<\/a> from Indian government representatives. Amid growing global trade tensions, precious metals \u2013 including silver \u2013 continue to hold their appeal as safe-haven investment assets.<\/p>\n\n\n\n![\"\"](\"https:\/\/novitera.lt\/wp-content\/uploads\/2025\/08\/Ekrano-kopija-2025-08-05-154546.png\")
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