Silver prices held above $38.50 per ounce on Thursday (August 14th), hovering near a three-week high as expectations of a deeper Federal Reserve interest rate cut this year buoyed the market. Weaker US inflation data suggested that President Donald Trump's tariffs were not adding to price pressures, while signs of a weakening labor market reinforced the dovish outlook. The market is almost fully pricing in a September rate cut, with some anticipating a larger 50 basis point cut. Additionally, Treasury Secretary Scott Bessent called for multiple rate cuts and said the Fed could begin...
Silver prices attracted some sellers around $36.20, ending during Asian trading hours on Friday (6/13). Lower-than-expected US inflation in May has prompted traders to raise their bets on a Federal Reserve (Fed) interest rate cut. Geopolitical tensions escalated after Israel attacked Iran as tensions escalated over US efforts to halt Iran's production of atomic bomb materials. Source: Newsmaker.id
Gold prices rose to a one-week high on Thursday, boosted by weaker US inflation data that reinforced expectations for a Federal Reserve interest rate cut this year, while investors eyed a raft of other inflation data for further direction. Source: Newsmaker.id
Silver (XAG/USD) prices attracted some buyers to around $36.30, snapping a two-day losing streak during the Asian trading hours on Thursday. A weaker US dollar (USD) and rising geopolitical tensions in the Middle East provided some support to the white metal. Traders will be keeping an eye on the US Producer Price Index (PPI) and weekly Initial Jobless Claims, due on Thursday. A weaker-than-expected US inflation in May has prompted traders to raise their bets on a Federal Reserve (Fed) interest rate cut. Source: Newsmaker.id
Gold prices rose on Thursday, boosted by rising tensions in the Middle East and a weaker dollar, while weaker-than-expected U.S. inflation data raised expectations for a Federal Reserve interest rate cut. Spot gold rose 0.6% to $3,372.46 an ounce, as of 0202 GMT. U.S. gold futures rose 1.5% to $3,393. Gold prices fell to a near two-month low, making dollar-priced bullion more attractive to overseas buyers. Source: Newsmaker.id
Silver prices were steady in the European session on Wednesday (6/10). The white metal consolidated as investors awaited the US Consumer Price Index (CPI) data for May, which will be published at 12:30 GMT. Economists expect US headline inflation to accelerate to 2.5% annually, compared to 2.3% in April. In the same period, core CPI – which excludes volatile food and energy prices – grew by 2.9%, faster than the previous release of 2.8%. On a monthly basis, headline and core CPI are expected to grow by 0.2% and 0.3%, respectively. The rising price pressure scenario will allow Federal...