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...
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...