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...
Gold steadied after falling the most in more than three weeks as expectations for fewer U.S. interest rate cuts this year were offset by demand for safe havens ahead of Donald Trump's return to the White House Bullion traded near $2,670 an ounce, having fallen 1% in the previous session as traders recalibrated bets on the Federal Reserve's easing path after a surprisingly strong U.S. jobs report reinforced views that interest rates are likely to remain high for longer. Higher borrowing costs tend to make the precious metal less attractive, as it does not pay interest. Source: Newsmaker.id
Silver prices (XAG/USD) are trading below $30 per troy ounce on Tuesday (14/1) after falling more than 3% in the previous session, as the dollar strengthened following stronger-than-expected US employment data. Meanwhile, investors are focusing on US inflation data this week for further insight into the direction of Fed policy. Despite the recent decline, silver has jumped almost 3% last week, marking its best weekly performance since mid-November. In addition, silver continues to be supported by strong industrial demand, especially in energy technology and electronics, as well as ongoing...
Silver prices attracted some sellers near $30.20 during the early European session on Monday (13/1). A stronger greenback and rising US bond yields weighed on the USD-denominated commodity prices.Expectations of a slower pace of interest rate cuts from the US Federal Reserve (Fed) this year amid sluggish inflation and a strong labor market in the US economy could drag the white metal lower in the near term. The US Bureau of Labor Statistics (BLS) reported on Friday that Nonfarm Payrolls (NFP) rose by 256,000 in December compared to 212,000 previously, better than the estimate of 160,000....
Silver prices fell in midday U.S. trading on Monday, halting last week's gains, as the dollar strengthened following stronger-than-expected U.S. jobs data last week. The data dimmed expectations for further interest rate cuts by the Federal Reserve this year, and a stronger dollar makes dollar-denominated commodities such as silver more expensive for buyers holding other currencies, denting demand. Source: Newsmaker.id
Silver prices (XAG/USD) experienced a correction to around $30.20 per troy ounce on Monday (13/1), slightly reversing some of its gains recorded last month, as the dollar strengthened following stronger-than-expected US jobs data. Looking ahead, investors are focused on US inflation data this week for further insight into the direction of Fed policy. Despite the recent decline, silver has jumped almost 3% last week, marking its best weekly performance since mid-November. Meanwhile, silver's value continues to be supported by strong industrial demand, especially in renewable energy...