Silver prices remained around $30.30 per ounce on Tuesday, following a more than 3% decline in the previous session, as demand for safe-haven assets like precious metals faded.
The pullback came amid reports that Israel and Hezbollah were nearing a ceasefire agreement, which helped ease tensions in the Middle East.
Market sentiment was further bolstered by the nomination of Scott Bessent as US Treasury Secretary, which brought a sense of stability to investors. Bessent, who has stated that Trump's goal is not to trigger inflation, also suggested that any new tariffs should be phased in gradually.
Meanwhile, US President-elect Donald Trump reaffirmed plans to impose additional tariffs on China, Mexico, and Canada, raising concerns over escalating global trade tensions.
Source: Trading Economics
Silver prices have hit a new record after surpassing $57 per ounce, fueled by tightening global supply and expectations of a US interest rate cut this month. Market participants are now almost entirel...
Silver (XAG/USD) remains near its highest level since mid-October, supported by a combination of expectations for global interest rate cuts and a weakening US dollar. The prospect of lower interest ra...
Silver (XAG/USD) weakened slightly on Thursday (November 27th), trading around $53.25, down 0.15% at the time of writing. The precious metal remained rangebound amid thin liquidity due to the US Thank...
Silver prices traded just below US$53 per ounce on Thursday, again approaching a record high. This increase occurred amid growing market confidence that the US Federal Reserve will cut interest rates ...
Silver (XAG/USD) rallied sharply on Wednesday, trading around $52.45 at the time of writing, up 2.00% on the day. The precious metal continued its bullish momentum, supported by the continued decline ...
The Japanese yen (JPY) continued to strengthen throughout the Asian session on Monday (December 1st) after Bank of Japan Governor Kazuo Ueda again signaled that an interest rate hike could be imminent. These hawkish comments sent Japanese...
Hong Kong's equity market commenced Tuesday's trading session with modest gains, as investors displayed cautious optimism. The benchmark Hang Seng Index advanced by 86 points, or 0.33 per cent, to open at 25,945. Supporting the positive opening,...
Fundamentally, Brent crude oil is trending higher today, hovering around USD 63 per barrel, continuing its rebound from its lows in recent weeks. The main catalyst was the OPEC+ meeting, which decided to maintain current production levels until at...
Trading on the Chicago Mercantile Exchange (CME) was halted on Friday (November 28th) following a cooling issue at one of its data centers.
"Due to...
Conflicting signals from the Federal Reserve on the timing and magnitude of U.S. interest rate cuts have accelerated hedging flows into swaptions...
European stocks ended Friday in positive territory as investors digested the end of a choppy month.
The pan-European Stoxx 600 closed the session...
Both the STOXX 50 and the STOXX 600 hovered around the flatline on the final trading day of a volatile November, as the recent rally in global...