Gold prices strengthened again on Wednesday (November 19th) as investors sought safe-haven assets amid worsening risk sentiment. This increase was supported by weak US economic data, particularly labor market indicators, leading the market to re-increase expectations that the Federal Reserve will cut interest rates in December. The prospect of lower interest rates pressured US bond yields and bolstered the appeal of non-coupon gold. Source: Newsmaker.id
Silver prices strengthened on Wednesday (November 19th) as investor interest in precious metals improved. In recent trading, silver (XAG/USD) rose slightly and regained ground above the US$51 per troy ounce level, after a correction in the previous few sessions. This strengthening occurred amid a market atmosphere that remains risk-off, as market participants await the release of US employment data (NFP) and the latest developments on expectations of a Fed interest rate cut in December. The probability of a rate cut has indeed decreased to around 40 percent, but the prospect of interest...
Gold prices strengthened in the early Asian session, with spot gold rising around 0.6% to around US$4,102.58 per troy ounce. This increase was supported by increased investment interest, after data on institutional holdings in large gold ETFs showed more companies adding to their gold positions. TD Securities also believes the trend of gold buying by central banks will continue in the long term. The combination of institutional investors and central banks makes gold attractive as a safe haven asset amid global uncertainty.The gold price at the time of this analysis was released was...