Silver held below $30.5 an ounce on Tuesday (12/17) after facing heavy selling pressure in recent sessions, weighed down by concerns about a more measured pace of easing from the U.S. Federal Reserve next year.
The Fed is widely expected to implement a 25 basis point interest rate cut this week, but may signal fewer cuts for 2025 due to concerns about a potential resurgence in inflation. Silver and other metals are also facing pressure from ongoing demand uncertainty in China, the world's largest consumer of the metal.
Source: Newsmaker.id
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