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 prices reversed the Asian session decline to the $2,688 area and are currently trading just below the one-month highs hit on Friday, although the upside appears limited. The upbeat US Nonfarm Payrolls (NFP) report reinforced market expectations that the Federal Reserve (Fed) will halt its interest rate-cutting cycle later this month. This, coupled with persistent geopolitical risks, dampened investors' appetite for riskier assets, as evident from the weaker tone around equity markets and acted as a tailwind for the safe-haven precious metal. Source: Newsmaker.id
Silver prices are holding in positive territory, nearing a three-week high as investors digest the Fed's cautious stance on interest rate cuts. The Fed's uncertainty around inflation and proposed tariffs under President-elect Trump have kept market participants on edge, bolstering demand for silver as a safe-haven asset.In addition, strong industrial demand for silver, driven by its critical role in renewable energy and electronics technologies, has further boosted its value. Supply constraints, including labor strikes and operational disruptions in mining, have exacerbated the supply...
Gold held on to a four-day gain, with traders seeking refuge in the safe-haven asset as risk-off sentiment gripped markets amid renewed uncertainty over the Federal Reserve's interest rate path.Bullion was trading near its highest level in a month around $2,690 an ounce, after rising 1.9% last week despite headwinds from firmer bond yields and a stronger dollar. A report on Friday showed remarkable resilience in the U.S. labor market, leading economists at several major banks to revise down their forecasts for additional interest rate cuts. While higher borrowing costs are usually negative...
Silver prices edged higher in the mid-day US session on Friday, after stronger-than-expected US jobs data reinforced expectations that the Federal Reserve may not cut interest rates aggressively this year. Silver remained near a three-week high as investors digested the Fed's cautious stance on rate cuts. The Fed's uncertainty over inflation and proposed tariffs under President-elect Trump has kept market participants on edge, boosting demand for silver as a safe-haven asset. In addition, strong industrial demand for silver, driven by its key role in renewable energy and electronics...
Gold prices continued to rise on Friday even as stronger-than-expected US jobs data reinforced expectations that the Federal Reserve may not cut interest rates aggressively this year. Uncertainty over the policies of the incoming Trump administration continued to boost the appeal of safe-haven assets. Gold prices briefly dipped to $2,663.09 an ounce after data showed the US added 256,000 jobs last month, compared with economists' forecasts of 160,000. The unemployment rate was at 4.1%, compared with estimates of 4.2%. However, bullion prices quickly rose and hit their highest level since...