Silver prices continued their upward trend and rose for the fourth consecutive day, driven by growing expectations of Federal Reserve (Fed) monetary policy easing and the strong appeal of safe-haven assets. On Wednesday, silver (XAG/USD) traded around $72.05, up around 0.70%, after hitting a new record high of $72.71 earlier in the session. This bullish momentum reflects continued investor interest in precious metals, particularly silver, amid changing global monetary policy expectations. The precious metal continues to benefit from speculation that US interest rates will move lower in the...
The British Pound (GBP) softens against the US Dollar (USD) on Wednesday, with the Greenback finding mild support amid reduced liquidity during the shortened US holiday session. At the time of writing, GBP/USD trades around 1.3500, easing slightly after briefly touching an intraday high near 1.3534, its strongest level since September 19. Markets showed a muted response to the latest weekly US labor market data, which offered mixed signals. Initial Jobless Claims fell to 214K from 224K in the previous week, undershooting the 223K market forecast. Meanwhile, Continuing Jobless Claims climbed...
Gold (XAU/USD) traded under pressure on Wednesday (December 24th) after surging to a new all-time high near $4,526 earlier. Volatility increased amid thin holiday liquidity ahead of Christmas, prompting mild profit-taking at elevated levels. At the time of writing, XAU/USD was trading around $4,470, up nearly 3% this week. Gold bullion's historic rally this year has been remarkable, with prices rising more than 70% since the start of the year, putting gold on track for its strongest annual performance since 1979. This rally has been driven by strong safe-haven demand amid persistent...