Global silver prices corrected in today's trading (September 15th) after recording significant gains in recent weeks. This weakening was primarily driven by a strengthening US dollar, rising bond yields, and more cautious investor sentiment regarding the prospect of a Federal Reserve interest rate cut.
The US dollar index strengthened following the release of economic data showing resilient industrial activity and consumer spending. This strengthening currency makes dollar-priced silver more expensive for international buyers, thus suppressing demand. In addition, rising US government bond yields have weakened the appeal of precious metals, as investors shift to higher-yielding instruments.
Source : Newsmaker
Gold prices weakened on Monday, pressured by profit-taking and a stronger dollar, although the decline was limited as investors awaited the US Federal Reserve meeting, where an interest rate cut is ex...
Global gold prices strengthened on Friday (September 12th), with the last price recorded at $3,648 per ounce. This strengthening was driven by growing expectations of an interest rate cut by the Feder...
Brent oil prices strengthened on Friday (September 12th), with the last price recorded at $66.54 per barrel. This increase reflects positive sentiment in the energy market amid expectations of an inte...
Oil prices weakened again in Asian trading despite initial support from geopolitical issues. Brent fell to $65 per barrel and WTI to $61, pressured by the IEA's projection that global production will ...
Gold prices continue to approach $3,650 per ounce and are poised for a fourth weekly gain. This was fueled by expectations that the Federal Reserve will cut US interest rates, as inflows into gold-bac...
Gold (XAU/USD) attracts some dip-buyers near the $3,627-3,626 region during the Asian session on Monday, though it lacks follow-through and remains confined in a one-week-old range. Rising bets for a more aggressive policy easing by the US Federal...
Silver traded above $42 per ounce on Monday, staying close to 14-year highs as investors braced for an expected US Federal Reserve interest rate cut this week. Markets are pricing in about a 96% chance of a 25 basis point cut on Wednesday and...
Hong Kong stocks rose 93 points, or 0.4%, to 26,480 in early trade on Monday, marking gains for the second session. Sentiment was supported by a modest rise in U.S. futures ahead of the Fed's policy meeting later this week, where the central bank...
The University of Michigan (UoM) is expected to release the preliminary reading of its monthly Consumer Confidence Index for September on Friday....
The Nasdaq Composite notched a perfect week of closing highs on Friday as investors took signs of weakening jobs and tame inflation to mean the...
Poland rejected on Friday a suggestion by Donald Trump that Russian drone incursions into its airspace could have been a mistake, a rare...
The STOXX 50 index edged up 0.1% to 5,390 points on Friday, its highest since late August, while the broader STOXX 600 also gained 0.1% to 555...