Silver prices rose around $30.60 an ounce on Friday but were still on track for a fourth straight weekly decline, as a stronger US dollar continued to weigh on the precious metal.
The dollar's rally was somewhat muted in Asia today. In addition, the market sharply reduced the probability of a quarter-point rate cut at the Fed's December meeting, with the odds dropping to around 59%, down from 82.5% the previous day.
Silver prices at the time of writing were +1.5% and were at $30,711 Toz.
Source: newsmaker.id
Silver is currently hovering around $77,430, likely awaiting triggers from the US dollar and yields. If the dollar strengthens, silver is usually resilient; if the dollar weakens, silver rises more ea...
Gold prices weakened in recent trading, pressured by a strengthening US dollar and rising US government bond yields, as investors digested the latest economic data from the United States. Market senti...
Silver (XAG/USD) today consolidated around $78.05/oz (real-time), following high volatility in recent sessions. This area indicates the market is "holding its breath" as market participants await a ma...
Gold prices fell in recent trading as investors opted to take profits after the previous rally, while awaiting confirmation from US economic data. The market's focus is now on the release of employme...
Brent oil prices have fallen relatively as the market begins to consider the possibility of an end to the Russia-Ukraine conflict. If the war subsides, Russian oil exports, previously restricted by sa...
Oil prices stabilized on Thursday (February 12th), as the market reassigned a risk premium to US-Iran tensions despite US inventory data showing swelling domestic supplies. This movement confirms one thing: geopolitical headlines are still more...
Gold prices weakened slightly on Thursday (February 12th), as more solid US employment data reduced market confidence in an imminent Federal Reserve interest rate cut. The strong employment data prompted market participants to shift expectations of...
The Hang Seng Index reversed its downward trend in Hong Kong on Thursday (February 12th), weakening by around 0.9% to around 27,000 after a strong session earlier. This decline halted the momentum of the short term rally, as investors began to...