Silver weakened early in the Asian session, hovering near $48.45 after briefly touching a 14-year high. The strengthening US dollar—along with rising US bond yields—made USD-denominated commodities more expensive for overseas buyers, pressuring silver prices. However, global uncertainty and hopes for a Fed interest rate cut have the potential to limit further declines. "Safe haven" sentiment remains strong as the US government shutdown enters its seventh day, with the Senate failing to pass a budget bill, delaying key economic data such as the September employment report. US President...
Gold prices (XAU/USD) weakened in Tuesday's trading after a strong rally, dragged down by a strengthening US dollar and rising Treasury yields. Risk-off sentiment began to ease as optimism emerged that US government budget negotiations would soon reach a resolution, reducing demand for safe-haven assets. Furthermore, some market participants also began taking profits after gold prices briefly reached a record high above $3,900 per ounce earlier in the week. Nevertheless, the medium-term outlook for gold remains positive. Expectations that the Federal Reserve will cut interest rates soon...
Silver broke through $48/oz and approached a 14-year peak as investors sought safe havens amid the US government shutdown, which has entered its second week, delaying data releases and clouding the economic outlook. The market also believes the Fed is likely to cut interest rates by 25 bps this month, with a further cut likely in December—a combination that typically supports precious metals—despite occasional USD strengthening. Fundamentally, physical demand from solar and electronics remains strong, while the global supply deficit is expected to persist into 2025, supporting prices....