Silver prices stabilized during the Asian session on Tuesday (August 5th), after rising in the previous two sessions, amid growing expectations of an interest rate cut by the Federal Reserve (Fed) in September.
This non-interest-bearing precious metal continues to attract investor interest, particularly as a safe haven asset, as concerns about the Fed's independence mount.
These concerns deepened after the surprise resignation of Fed Governor Adriana Kugler, opening the door for US President Donald Trump to accelerate his influence at the central bank by appointing a replacement who favors low-interest rates.
Source: Newsmaker.id-(alg)
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