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 held steady near $30 an ounce on Wednesday (1/15) as investors awaited a key US inflation report that could influence the Federal Reserve's interest rate decision later this month. Earlier this week, silver faced downward pressure as stronger-than-expected US jobs data dampened expectations for further Fed rate cuts this year. Despite the recent pullback, the metal's value continues to be supported by strong industrial demand, particularly in renewable energy and electronics technologies, as well as ongoing supply concerns. DISCLAIMER Note: This article is only an...
Gold held on to a two-day gain, after a surprise slowdown in US inflation revived expectations for a Federal Reserve interest rate cut this year.Bullion traded near its highest in a month after the consumer price index, which excludes food and energy costs, rose 0.2% after four months of 0.3% gains. That suggested US officials may have room to ease policy sooner than previously thought. Treasury yields and the dollar fell after the release, boosting bullion's appeal as it bears no interest and becomes cheaper for most buyers when the US dollar weakens. Swap traders are now fully pricing in...
Silver climbed back above $30 an ounce on Wednesday, near its highest level in a month, as lower underlying inflation in the U.S. supported bets of less-tight monetary policy by the Fed. Core inflation unexpectedly slowed in December, while headline inflation held off from surprising to the upside. The results also supported bullion as they lower the opportunity cost of holding the interest-bearing asset. However, uncertain demand for silver's manufacturing uses kept prices well below a 12-year high of $35 in October. Source : Newsmaker.id
Gold prices rose for a second straight day on Wednesday (15/1) after US data signaled fading core inflation and a decline in US yields. This suggests that the Federal Reserve (Fed) could ease policy due to the disinflationary trend. Gold continued its positive trend after the US Bureau of Labor Statistics (BLS) revealed that underlying consumer inflation fell compared to estimates and the previous month's reading. The data caused US yields to fall, as there is an increasing possibility that the Fed will not rule out a rate cut after its December meeting. Source: Newsmaker.id
Silver prices rose and were in the $30 per troy ounce area on Wednesday (15/1) as market participants await a key US inflation report that could influence the Federal Reserve's interest rate decision later this month. Earlier this week, silver faced downward pressure as stronger-than-expected US jobs data dampened expectations for further Fed rate cuts this year. Despite the recent decline, the metal's value continues to be supported by strong industrial demand, particularly in renewable energy and electronics technology, as well as ongoing supply concerns. In addition, investors remain...