Gold prices rose to around US$4,320 per ounce on Monday (December 15), edging closer to an all-time high. The market is now focused on this week's US economic data to gauge the direction of the Fed's interest rate policy, particularly the jobs report (Tuesday) and inflation data (Thursday), which could be crucial for determining the next move. Last week, the Fed cut interest rates by 25 basis points for the third time this year, but the decision was not unanimous, as some officials believed inflation was still high and it would be safer to wait for additional data before easing again in...
Silver prices remain at high levels after a strong rally in recent weeks. This increase is supported by expectations of lower interest rates, a weakening dollar, and solid industrial demand from the solar panel, electronics, and electric vehicle sectors. Silver's combined function as an industrial metal and a hedge makes it a sought-after asset for many investors. However, after a sharp surge, silver is now more vulnerable to corrections if there are even minor negative triggers, such as strong US economic data or hawkish comments from central banks. Profit-taking could quickly depress...
Gold prices rose on Monday (December 15) as the US dollar weakened and US bond yields fell, making gold (a non-interest-bearing asset) more attractive. Fundamentally, market participants are pricing in the prospect of lower interest rates after the Fed recently cut rates by 25 basis points. Meanwhile, the next focus will be on the release of US data (especially Non-Farm Payrolls). If employment data is weak, expectations of further easing will usually grow, which could be an additional boost for gold. (alg) Source: Newsmaker.id