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...
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...
Gold prices rose on Wednesday (15/1) as the US dollar and Treasury yields weakened, while market participants awaited US inflation data for clues on the Federal Reserve's interest rate strategy. In addition, an upbeat US monthly jobs report released on Friday reaffirmed the Federal Reserve's (Fed) hawkish outlook and kept US Treasury bond yields elevated, which contributed to driving flows away from non-yielding Gold prices. Source: Newsmaker.id
The Hang Seng rose 66 points, or 0.3%, to close at 19,286 on Wednesday, rising for a second session amid gains mainly from financials and property. The index eased off a near four-month low after China's central bank today injected the second-largest amount of cash into the economy via 7-day reverse repos to meet demand ahead of the Lunar New Year. Meanwhile, data on Tuesday showed that new yuan loans jumped in December after falling to their lowest since 2012 in November. However, further gains were capped by concerns over trade tensions between Beijing and Washington, with the U.S....
Silver prices are still struggling in the early European trading session, when the news was made Silver was trading at around $29.96 on Wednesday (15/1). This is supported by market players still focusing on the US inflation data that will be released. While investors expect to support the US Federal Reserve's (Fed) decision to maintain interest rates at the current level in January. Note: This article is only an analysis and not a definitive reference. Pay attention to the development of fundamental and technical aspects in transactions before making investment decisions. Source:...
Gold prices extended gains after U.S. inflation data came in slightly weaker than expected, giving investors a faint hope that the Federal Reserve will continue its path of easing interest rates this year, which weakened the dollar.Spot gold rose 0.3% to $2,671.27 per ounce. U.S. gold futures settled 0.1% higher at $2,682.30. The data showed the Producer Price Index (PPI) rose 3.3% on an annualized basis in December, compared with a 3.4% increase expected by economists polled by Reuters.The cooler PPI data sent the U.S. dollar index lower and that helped the bullion market, as lower...