Gold climbed to $4,140–$4,150 as the market grew more confident that the Fed would cut interest rates this year. ADP data showed that US companies lost an average of >11,250 jobs per week, raising the probability of a 25 bps rate cut to 68% (Dec) and 80% (Jan). The impact: Yields and the USD tended to weaken, so the opportunity cost of holding gold decreased. Holding the rally: If today's Fedspeak (Williams, Waller, et al.) is hawkish, gold could hold; if dovish, the rally could continue. Additionally, the final progress of the US shutdown could reduce safe-haven demand when official...
Silver (XAG/USD) $40,898: The rally has subsided and prices are consolidating; the bias remains sideways to bullish, supported by expectations of a Fed rate cut and industrial demand. Key levels: resistance $41.50–$42.00 (break → $43–$44); support $40.50 then $39.80 (break → deeper correction).Silver prices at the time of writing were up -0.30% to $40.875/Toz. DISCLAIMERNote: This article is for analytical purposes only and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.Source: Newsmaker.id
Silver prices fell to $40.80 per ounce on Thursday, opening the European session (September 4th) due to profit-taking after a sharp rally. The market remains optimistic as the Fed is almost 98% certain to cut interest rates this month.From the industrial perspective, demand for silver remains strong thanks to a surge in Chinese solar panel exports, making the metal attractive as both a safe haven asset and an industrial commodity.The silver price at the time of writing was up -0.76% to $40.892/Toz.DISCLAIMERNote: This article is for analytical purposes only and is not a definitive reference....
Silver prices rallied again in today's trading, hovering around US$41 per troy ounce. This level is approaching a 14-year high and is a major highlight in the commodities market. The rise in silver prices was driven by high demand for safe-haven assets. Investors are increasingly confident that the Federal Reserve (The Fed) will cut interest rates soon after a series of weakening US economic data. This monetary easing has triggered capital inflows into precious metals, including silver, which is considered a hedge against uncertainty. Source : Newsmaker.id
Oil prices fell sharply after news that OPEC+ would discuss increasing production, with WTI falling to $64.07 and Brent to $67.71. Concerns about a supply surplus are growing, especially coupled with weak US economic data.Analysts consider this move risky because it could quickly lead to market oversupply. Coupled with geopolitical tensions from Russia to Venezuela, the future direction of oil prices remains uncertain.Oil prices at the time of writing were at $67.62.DISCLAIMERNote: This article is analytical in nature and is not a definitive reference. Consider fundamental and technical...
Gold remains near its record high as expectations of a Fed interest rate cut and global uncertainty drive safe-haven demand.However, the market is becoming cautious due to overbought conditions. Friday's NFP data is expected to be key to gold's next direction: whether it will continue to rally or experience a correction.The gold price at the time of writing was $3,538/Toz.DISCLAIMERNote: This article is analytical only and is not a definitive reference. Consider fundamental and technical developments in trading before making investment decisions. (ayu)Source: Newsmaker.id