Gold held steady on Wednesday (August 13th), as investors weighed the Federal Reserve's policy outlook following the latest CPI release. Tariff-fueled inflation concerns and strengthened expectations of a 25 bps Fed rate cut in September, boosting the appeal of non-yielding bullion. Market focus will now turn to the upcoming US data series on PPI, weekly jobless claims, and retail sales to test the consistency of the disinflationary trend and the direction of monetary policy. Meanwhile, regulatory uncertainty continues to cloud sentiment. Market participants await clarity on the status of...
Silver prices strengthened on Wednesday (August 13th) amid positive sentiment in the precious metals market. This strengthening was driven by a weakening US dollar following the release of weaker-than-expected US economic data, fueling speculation that the Federal Reserve could soon cut interest rates. Silver demand was also supported by a solid industrial outlook, particularly in the renewable energy and manufacturing sectors, strengthening its appeal as both a safe haven asset and an industrial commodity. Source: Newsmaker.id(alg)
Gold prices stabilized in the mid-Asian session on Thursday, after touching $3,374 troy ounce amid hopes of a Fed rate cut that would strengthen the appeal of this non-interest-bearing precious metal. The US dollar, which has tended to be defensive today, is still holding back gains for the yellow metal ahead of the release of US inflation and employment data. The market is also still seeking official clarification on whether US bullion imports will be subject to tariffs, after days of confusion that drove up premiums for gold futures in New York over spot prices in London. President...