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 weeks
The 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 two-year high of 108.50.
The outlook for the US Dollar and bond yields is expected to remain strong as the Federal Reserve (Fed) is widely expected to deliver fewer interest rate cuts this year as officials are optimistic about the path of the economy. Market participants are also optimistic about the prospects for US growth under President-elect Donald Trump, as his policies, such as immigration controls, higher import tariffs and lower taxes, are likely to boost overall economic activity.
As of press time, Silver was at $29,565
Source; Newsmaker.id
Gold briefly weakened to around $3,750 per ounce on Wednesday, but remained near a new record as the market digested the Fed's comments. Jerome Powell struck a cautious tone—emphasizing the balance be...
Silver opened at 43,958 at the start of the Asian session, holding near its highest level in over 14 years. Market sentiment remains positive after the Fed cut interest rates last week, which has incr...
Gold prices are stable amid global sentiment still influenced by the Federal Reserve's policy direction. Expectations of a US interest rate cut are the main driver, with investors continuing to seek g...
Silver prices continue to demonstrate resilience, holding near 14-year highs. This precious metal is supported by a combination of fundamental factors, ranging from expectations of a US interest rate ...
Oil prices fell for the fifth straight day, the longest losing streak since early August. Pressure arose from signals that global supply will increase and potentially create a surplus in the fourth qu...
Gold (XAU/USD) retreats slightly from the daily peak touched during the first half of the European session, though it sticks to the positive bias for the fourth straight day on Wednesday. The US Dollar (USD) gains some positive traction following...
The Hang Seng Index rose 1.4% at 26,518.65 in Hong Kong. The move follows the previous session's decrease of 0.7%. Alibaba Group Holding Ltd. contributed the most to the index gain and had the largest move, increasing 9.2%. Today, 49 of 88 shares...
European stocks were lower on Wednesday, with the STOXX 50 falling 0.2% and the STOXX 600 losing 0.3%, as investors remained cautious following remarks from Fed Chair Powell the previous day. Powell highlighted persistent risks in both the labor...
Asia-Pacific markets traded higher Monday, tracking Wall Street's gains on Friday stateside, as investors awaited China's key lending rate decision...
Reserve Bank of Australia (RBA) Governor Michele Bullock said that economic data since the August meeting has been slightly better than expected....
Economic activity in the UK's private sector expanded at a softer pace in September than in August, with the S&P Global Composite Purchasing...
India's Trade Minister Piyush Goyal will visit Washington today, September 22, to push forward a long-pending trade deal, following renewed talks...