Silver climbed back above $30 an ounce on Wednesday, near its highest level in a month, as lower underlying inflation in the U.S. supported bets of less-tight monetary policy by the Fed. Core inflation unexpectedly slowed in December, while headline inflation held off from surprising to the upside. The results also supported bullion as they lower the opportunity cost of holding the interest-bearing asset. However, uncertain demand for silver's manufacturing uses kept prices well below a 12-year high of $35 in October. Source : Newsmaker.id
Gold held on to a two-day gain, after a surprise slowdown in US inflation revived expectations for a Federal Reserve interest rate cut this year.Bullion traded near its highest in a month after the consumer price index, which excludes food and energy costs, rose 0.2% after four months of 0.3% gains. That suggested US officials may have room to ease policy sooner than previously thought. Treasury yields and the dollar fell after the release, boosting bullion's appeal as it bears no interest and becomes cheaper for most buyers when the US dollar weakens. Swap traders are now fully pricing in...
Silver prices held steady near $30 an ounce on Wednesday (1/15) as investors awaited a key US inflation report that could influence the Federal Reserve's interest rate decision later this month. Earlier this week, silver faced downward pressure as stronger-than-expected US jobs data dampened expectations for further Fed rate cuts this year. Despite the recent pullback, the metal's value continues to be supported by strong industrial demand, particularly in renewable energy and electronics technologies, as well as ongoing supply concerns. DISCLAIMER Note: This article is only an...