Along with expectations that Powell may signal that the US central bank will remain cautious or cautious in easing interest rate policy. At the time of writing, Gold Price was at $4,134. Source: Newsmaker.id
On Wednesday (October 15th), during the Asian session, gold prices traded around $4,166, driven by expectations of lower US bond yields following Jerome Powell's signal of a 25 bps interest rate cut this month, boosting appetite for assets like gold and lowering US yields, while US-China tensions maintained demand for safe-haven assets.For gold, structural support remains strong: central bank purchases, ETF inflows, and the need to hedge against policy uncertainty and fiscal deficits. Furthermore, the market is wary of the Section 232 (potential tariffs on crucial minerals) implications....
On Wednesday, October 15th, spot silver prices hovered around $51.928/oz, easing from yesterday's record surge that briefly reached $53+ in London. The extreme rally was fueled by a physical metal shortage in London—driving up the spot premium over New York futures—but that gap has begun to narrow as signs of the squeeze subside, although supply conditions remain tight and lease rates remain well above normal. Going forward, silver sentiment will be determined by expectations of a Fed interest rate cut—which benefits precious metals—as well as policy risks from the US Section 232...