Silver prices have strengthened again following growing confidence that the US Federal Reserve will cut interest rates. When interest rates fall, precious metals like silver become more attractive because their value tends to stabilize amid economic uncertainty. Furthermore, many investors are starting to view silver as a hedge against inflation and a weakening US dollar. This increase is also driven by increasing demand from the technology and green energy industries. Silver is widely used in solar panels and electric vehicles, thus strengthening its prospects for a clean energy...
Oil maintained gains after U.S. crude inventories fell by the most since mid-June, leaving inventories well below seasonal averages. Brent crude traded around $67 per barrel after rising 1.6% on Wednesday, while West Texas Intermediate (WTI) hovered near $63. National inventories fell by 6 million barrels last week, according to Energy Information Administration (EIA) data. Gasoline stocks also fell for the fifth straight week. However, oil prices are still down more than 10% year-to-date due to concerns about the impact of U.S. trade policies and as OPEC+ restores previously halted...
Gold prices fell to around $3,340 per ounce on Thursday (August 21st), as investors adjusted their positions ahead of the Federal Reserve's three-day Jackson Hole symposium, which begins today. Market focus is currently on Fed Chairman Jerome Powell's speech, which could provide clues to the Fed's monetary policy stance. Currently, market participants are pricing in an 82% chance of a September interest rate cut. However, the minutes of the latest Fed meeting showed policymakers remain concerned about inflation and the labor market, with most voters believing it is too early to cut...
Brent oil prices rose slightly today, responding to a much larger-than-expected drawdown in US crude oil inventories of 6 million barrels, far exceeding analysts' estimates of 1.8 million barrels. This stockpile decline indicates strong domestic demand, particularly from the transportation sector, as evidenced by jet fuel consumption, which averaged a four-week high. However, the market remains preoccupied with geopolitical risks and global supply pressures, including potential US tariffs on India related to Russian oil imports, which add to the fundamental uncertainty behind price...
Today, silver prices remained supported by growing expectations of further Fed monetary easing (rate cuts), providing dovish momentum that benefits non-yielding assets like silver. Furthermore, silver is always more price-sensitive than gold due to its smaller volume and more volatile nature. This means that while today's gains were not as explosive as those of the yellow metal, silver is able to react more sharply to positive news related to monetary policy and global sentiment. With the combination of strong demand, limited supply, and dovish policy expectations, fundamentals support the...
Silver prices are currently experiencing a slight decline amid cautious market movements. The weakening of the white metal occurred due to a slight strengthening of the US dollar, while investors await the minutes of the July FOMC meeting and Fed Chair Jerome Powell's speech at the Jackson Hole symposium this week for clues on the direction of future interest rate policy. Global risk-off sentiment is also holding back silver's gains, although the metal remains viewed as a safe-haven asset. Price movements are expected to remain limited until clearer monetary policy signals emerge. Source:...