The dollar index hovered around 97.8 on Tuesday as investors returned from the holiday weekend and awaited crucial labor market reports this week that could shape the Federal Reserve's policy path. Attention is on Friday's August payrolls release, alongside unemployment, job openings, and private hiring figures. The greenback has faced pressure recently as markets boosted bets on Fed rate cuts despite sticky inflation, with traders pricing in nearly a 90% chance of a 25 basis point reduction later this month. San Francisco Fed President Mary Daly said Friday the central bank is prepared to...
Silver (XAG/USD) prices started 2025 on a strong note. The white metal gained nearly 1.50% in the European session on Thursday (02/01) and rose to near $29.40. The asset gained as the rally in US bond yields stalled after surging more than 10% in the past four weeksThe 10-year US Treasury yield dipped to near 4.55%. Lower yields on interest-bearing assets suggest a lower opportunity cost for non-yielding assets, such as Silver, which increases its appeal.Meanwhile, the US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, traded sideways near a more than...
Silver prices rose significantly on Thursday (2/1), the asset strengthened as the US bond yield rally stalled after surging more than 10% in the past four weeks. While market players are currently still looking for more clarity on the US Federal Reserve's interest rate path and President-elect Donald Trump's policies.The 10-year US Treasury yield fell to near 4.55%. Lower bond yields on interest-bearing assets indicate lower opportunity costs for non-yielding assets, such as Silver, which increases its appeal.Silver prices at the time of this news release +1.5% traded at the level of...
Gold edged higher after posting its biggest speculative gain since 2010, with traders pricing in the prospect of slower monetary easing by the Federal Reserve in 2025. "Despite the Fed's cautious tone, continued central bank buying and geopolitical uncertainties are expected to keep gold in focus as a preferred safe-haven asset," Kaynat Chainwala, an analyst at Kotak Securities, wrote in a note. Source: Newsmaker
Gold prices strengthened in the Asian session to start 2025, the increase was driven by the attack carried out by Israel on Gaza. The increase in gold also occurred amid the strengthening of the US dollar index today. Expectations for gold to continue to rise for 2025 with the encouragement obtained from geopolitical risks and expectations of increasing government debt due to deep fiscal deficits under the Trump administration, although there are potential challenges from slower Fed interest rate cuts and a strengthening US dollar.
Silver (XAG/USD) prices edged up in the Asian afternoon session on Thursday (2/1), slightly paring the previous session's decline, while market participants are currently still looking for further clarity on the US Federal Reserve's interest rate path and President-elect Donald Trump's policies. Meanwhile, excess capacity in China's solar panel industry has prompted photovoltaic companies to sign up for a government self-discipline program aimed at regulating supply, limiting the demand outlook for silver from its top industry. Pressure is also noted from the threat of yuan devaluation in...
Silver prices (XAG/USD) fell on Tuesday (2/1), Silver was trading at $28.98 per troy ounce, down 0.14% from $29.00 on Monday last week. While in the Fed's aggressive outlook and uncertain demand for industrial silver utilities. Inflation concerns that also prompted the FOMC to project only a slight interest rate cut for the coming year, this also prompted the market to cut its exposure to non-yielding gold bullion assets. In addition, excess capacity in China's solar panel industry prompted photovoltaic companies to register for a government self-discipline program aimed at regulating...
Gold prices traded little changed at $2,626 in Asia to start 2025. The yellow metal had posted its best yearly gain on Tuesday after closing higher. Strong central bank buying, geopolitical uncertainty and monetary policy easing fueled a record-breaking rally in safe-haven gold in 2024, pushing it to an all-time high of $2,790.15 on Oct. 31.
Gold prices were on track for a more than 26% annual gain on Tuesday, their biggest annual gain since 2010, driven by safe-haven demand and central bank interest rate cuts, though sentiment could turn more cautious depending on policy changes under a second Trump administration. Robust central bank buying, geopolitical uncertainty and monetary policy easing fueled a record-breaking rally in safe-haven gold in 2024, pushing it to an all-time high of $2,790.15 on Oct. 31. Source: Newsmaker
Gold (XAU/USD) is extending its decline on Wednesday for a second consecutive day as the US Dollar (USD) and US Treasury yields firm ahead of the release of the Federal Open Market Committee (FOMC)...
Oil extended declines after OPEC+ agreed to a bigger-than-expected production increase next month, raising concerns about oversupply just as US tariffs fan fears about the demand outlook.
Brent...
The Japanese Yen (JPY) weakened against its US counterpart and reversed part of Friday's recovery from the lowest level since July 23 following Bank of Japan (BOJ) Governor Kazuo Ueda's remarks....