Silver (XAG/USD) prices traded sharply lower in thin pre-New Year volume conditions on Monday. The white metal was under pressure overall as the US Dollar (USD) outlook remained firm on expectations that a moderate policy easing cycle by the Federal Reserve (Fed) in 2025 would keep US Treasury yields elevated. The 10-year US Treasury yield fell 0.5% in the European session on Monday but is still almost 15% higher this calendar year near 4.60%. The US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, edged lower but remained broadly sideways around...
Silver (XAG/USD) prices traded below $29 per troy ounce on Tuesday (12/31), this is the lowest level since September, amid an aggressive Fed outlook and uncertain demand for silver's industrial utilities. Inflation concerns prompted the FOMC to project fewer interest rate cuts for the coming year, prompting the market to cut its exposure to non-yielding bullion assets. While previous rate cuts by the Fed supported bullion enough to lift silver prices by 23% this year, pessimistic demand for silver as an industrial input has pushed the metal to perform far below gold in the period. Silver...
Gold prices (XAU/USD) attracted some sellers near $2,600 during the early Asian session on Tuesday (12/31). Traders await fresh catalysts, including the outlook for US interest rates and potential tariffs under President-elect Donald Trump. The market is likely to be quiet before the end of the year. Meanwhile, the US Federal Reserve's (Fed) cautious stance could weigh on the yellow metal as higher interest rates tend to reduce the appeal of holding non-yielding assets. Fed Chair Jerome Powell hinted earlier this month that the US central bank may be cautious about further interest rate...