Silver prices rose as risk sentiment improved in the market after signs emerged that the US government shutdown was nearing an end. These hopes pushed the US dollar slightly lower and increased interest in precious metals, including silver, which often benefit when political uncertainty eases. However, silver's gains were restrained by the prospect of the Fed's interest rates remaining high in the near term. Investors are now awaiting clarity on the direction of US monetary policy after economic data was delayed due to the shutdown. If the dollar strengthens again or bond yields rise,...
Gold prices held around $3,940 per ounce on Wednesday, holding some of the previous session's decline and nearing their lowest level since early October. Expectations of a US interest rate cut faded after several Fed officials adopted a cautious stance, in line with Powell's hawkish tone last week, who suggested the latest cut could be the last this year. The probability of a December cut is now around 69%, down from 90% before the FOMC decision. Market focus shifts to the ADP private employment report as the official data release is delayed due to the federal government shutdown....
Silver prices were stable during the Asian session, pressured by a strengthening US dollar and global market restrictions. Silver was trading around $47.15 per ounce, with many investors choosing to wait for further economic data before making major decisions. Despite demand from the industrial sector, concerns about a further global market downturn and a strengthening dollar have made it difficult for silver to strengthen.However, silver remains attractive to some investors seeking a safe haven amid geopolitical tensions and economic shutdowns. Some analysts see potential for a rebound in...
Oil prices fell on Tuesday, with Brent crude falling 0.2% to $64.74 per barrel and West Texas Intermediate (WTI) down 0.2% to $60.91 per barrel. This decline followed the OPEC+ decision to temporarily halt production increases in the first quarter of next year, which some investors viewed as a sign of potential oversupply in the market. Although OPEC+ had previously raised its production target by 2.9 million barrels per day since April, they began slowing production increases in October, responding to predictions of a growing oversupply. However, several European energy leaders and U.S....
Silver prices edged higher today after previously surging to their highest level in over a decade, driven by two main factors: strong industrial demand (particularly from the solar and electronics sectors) and a multi-year supply deficit. Meanwhile, while real interest rates and a strong US dollar are putting pressure on precious metals, as they don't yield interest, silver remains supported by its position as a strategic industrial metal—not just a safe haven asset. The price of silver at the time of this analysis was $47,629. Disclaimer:This article is analytical in nature and is not a...
Gold prices are currently holding at $3,998, with investors awaiting further signals from the Federal Reserve regarding monetary policy. The upcoming interest rate decision will be a key determinant of gold's direction in the near term. If the Fed decides to maintain or lower interest rates, gold has the potential to continue strengthening. However, if interest rates remain high, gold prices may face downward pressure.At the time of this analysis, gold prices were at $3,998. Disclaimer:This article is analytical in nature and is not a definitive reference. Please consider fundamental and...