Silver prices are currently trading above $74.49 per ounce in the US session on Friday (December 26th), extending a remarkable rally that began several months ago, fueled by geopolitical tensions and a weakening US dollar. This surge was fueled by continued speculation, supply dislocations in major trading centers, and a large influx of funds into silver-backed ETFs. Rising demand, from both the investment and industrial sectors, has made silver a leading choice amidst the global economy.Silver is also supported by fundamental factors such as rising geopolitical tensions and concerns about...
Gold prices are currently stable, hovering slightly below their record high. The precious metal is trading near $3,623 per ounce, after previously touching over $3,674 on Tuesday. Gold's movement was influenced by US employment data, which was revised down significantly, to 911,000 jobs, further strengthening the case for an interest rate cut by the Federal Reserve. The market now awaits the release of US producer and consumer inflation data on Wednesday and Thursday, which are expected to determine the direction of the Fed's monetary policy at its meeting next week. In addition to economic...
Silver prices held around $41.2 per ounce on Tuesday, near their highest level since 2011. This increase was supported by expectations of a Federal Reserve interest rate cut, which boosted demand for the precious metal. Investors are now awaiting the revised annual US employment data. If realized, this could signal the Fed to delay its full employment target and strengthen the case for an interest rate cut. Market focus is also on the release of two key inflation data this week: the August Producer Price Index (PPI) on Wednesday and the Consumer Price Index (CPI) on Thursday. Silver...
Brent oil prices rose in trading on Tuesday (September 9). This increase was supported by market expectations that global energy demand remains solid amid signs of slowing production from several major producing countries. Investors are also monitoring supply developments from OPEC+ and US economic data due this week, including inflation and employment data, which could influence the direction of the Fed's policy and market risk appetite. This movement added to positive sentiment for energy commodities after prices were depressed last week by concerns about a weakening global...
Gold prices hit a new record on Tuesday (September 9), driven by a weakening dollar and falling bond yields amid growing speculation of a Fed interest rate cut this month. Spot gold rose 0.4% to $3,651.38 per ounce, while December futures rose to $3,690.90. The market now rates an 89.4% chance of a 25 bps interest rate cut next week, and a 10.6% chance of a 50 bps rate cut, according to CME FedWatch. Weak US labor data and a surge in the unemployment rate are the main drivers of these expectations. DISCLAIMER Note: This article is for analytical purposes only and is not a definitive...
Gold prices are currently rising, driven by increased demand for safe-haven assets amid global uncertainty. Pressure from political turmoil and the prospect of a Fed interest rate cut this month has prompted investors to shift their portfolios to precious metals. Market sentiment is also supported by the weakening US dollar, which provides more room for gold to strengthen. Analysts believe that as long as macroeconomic and geopolitical uncertainty remains high, gold has the potential to maintain its momentum above the psychological level of $3,600. Source: Newsmaker.id