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 remains supported by the Fed's easing narrative following its 25 bps rate cut and signals of room for further cuts, but the upward momentum is limited by occasional dollar gains and persistently low real yields. The combination of central bank buying, safe-haven demand amid geopolitical uncertainty, and physical interest (e.g., India ahead of the festival season) keeps the fundamental bias constructive despite the slowing pace of gains. Going forward, gold's direction will depend heavily on the trajectory of US inflation and employment data, which shape expectations for the next rate...
Silver prices continued their rally in the European session on Friday, rising above $42 per troy ounce. The white metal strengthened as the Federal Reserve (Fed) began easing monetary policy amid growing concerns about the US labor market. On the industrial front, strong demand from the solar power, electric vehicle, and electronics sectors, combined with limited supply, continues to support silver. The price of silver at the time of writing was $42,183 Disclaimer: This article is analytical in nature and is not a definitive reference. Consider fundamental and technical...
Oil prices continued their decline heading into Friday's European session, amid concerns about fuel demand in the United States outweighing the prospect that the Federal Reserve's first interest rate cut this year will stimulate higher consumption, and U.S. President Donald Trump's recent call for lower prices to pressure Moscow to end the war in Ukraine weighed on renewed attacks on Russian energy infrastructure. However, both oil benchmarks are still on track to close higher for the second consecutive week. Brent crude oil price at the time of writing is...
Silver strengthened to around $41.90 due to the impact of the Fed's interest rate cut. Lower interest rates lower the opportunity cost of holding silver, making it more attractive. Sentiment is also supported by global demand-particularly for solar panels (photovoltaics), which are largely driven by China-as well as purchases of silver ETFs by Saudi Arabian sovereign wealth funds and the prospect of a weakening US dollar. However, silver's gains could be restrained if the appetite for safe havens wanes. Easing geopolitical tensions, such as hopes for progress in the Russia-Ukraine dialogue...
Gold is currently correcting after initially surging following the Fed's 25 bps interest rate cut. Jerome Powell's "meeting-by-meeting" and less dovish statements have raised market doubts about the pace of future rate cuts, thus easing interest in gold. Furthermore, the US dollar strengthened following Powell's comments. A stronger dollar typically puts downward pressure on gold prices because it makes them more expensive for buyers outside the US. As a result, gold is now about $60 below its record high. The price of gold at the time of writing is $3,653/Toz. DISCLAIMER Note: This...