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 corrected after hitting a record $3,707/oz: The Fed's 25 bps cut is already priced in, Powell's tone is cautious, the USD strengthens, the bullish impulse subsides, and profit-taking takes hold. Key levels: resistance $3,680–$3,700 (ATH $3,707), support $3,650/$3,640, then $3,610–$3,600. With expectations of further cuts already partially priced in, the bullish impulse has temporarily subsided. The gold price at the time of writing was $3,639/oz. DISCLAIMERNote: This article is for analytical purposes only and is not a definitive reference. Consider fundamental and technical...
Silver prices are rising again, as the US dollar rally begins to lose steam amid calmer risk sentiment.At the time of this analysis, silver prices were at $41,858 Source: Newsmaker.id
Gold prices held around $3,650 per ounce on Thursday after falling in the previous session. The US dollar strengthened as the Fed cut interest rates by 25 bps as expected, but Chairman Jerome Powell emphasized that further easing would be cautious and evaluated "meeting by meeting" given the weakening labor market conditions. Gold has gained about 39% this year due to expectations of interest rate cuts, geopolitical tensions, and large purchases by central banks. In India, the supply of used jewelry and coins remains limited as many investors choose to hold bullion, hoping for continued...
Gold prices (XAU/USD) have calmed after rallying to a record near $3,703 on Tuesday. On Wednesday evening, gold briefly fell to an intraday low of around $3,660 before stabilizing around $3,682. Profit-taking and a relatively stable US dollar held back the rally, while persistently low US Treasury yields remained a key factor.Market focus is on the Fed's decision at 18:00 GMT (01:00 WIB), with expectations for a 25-bps rate cut to 4.00% or 4.25%. The next direction will be determined by the dot plot and Jerome Powell's tone (18:30 GMT): a dovish signal could push gold back to test the area...
Silver prices have fallen again as investors take profits ahead of the Federal Reserve's policy decision. The Fed is widely expected to cut interest rates by 25 bps today.At the time of this analysis, the price of silver was at $41,734 Source: Newsmaker.id