Silver held around $30.5 an ounce on Monday (12/16) after falling more than 4% over the past two sessions, as investors prepared for the latest U.S. Federal Reserve policy decision this week. The Fed is widely expected to cut interest rates by 25 basis points on Wednesday, but traders scaled back expectations for further easing next year. Silver prices were also pressured by persistent demand concerns in major consumer China. Source: Newsmaker
Gold (XAU/USD) started the week on a relatively positive note, with the US dollar (USD) weighed down by a slight decline in US Treasury yields and weaker-than-expected US manufacturing figures. However, the precious metal remains close to recent lows after a 2.5% sell-off late last week.US Treasury yields fell on Monday after a sharp rally last week, taking some of the recent bullish pressure off the US dollar. Investors appeared cautious about placing directional US dollar bets as they prepare for the all-important Federal Reserve (Fed) monetary policy decision on Wednesday.As of this news...
Gold was trading at $2,652 an ounce, on Tuesday morning (12/17) after posting a modest gain in the previous session as investors analyzed mixed U.S. data. Meanwhile, traders are now remaining cautious ahead of interest rate decisions by major central banks, including the Federal Reserve, due to be released on Wednesday this week. Source: NewsMaker