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 fell to around $3,680 per ounce on Wednesday (September 17th), likely due to profit-taking after the metal hit a new record in the previous session and tested the $3,700 level. However, the broader bullish bias remains intact as the market awaits the Federal Reserve's policy decision, with the central bank widely expected to cut interest rates by 25 bps—the first cut this year. Weaker payrolls data highlighted the weakening labor market, reinforcing expectations for multiple rate cuts, with the market now pricing in three cuts this year. The gold price at the time of writing...
Gold (XAU/USD) is currently trading around $3,697 during the European session, remaining near a record high as expectations of a dovish Fed cut weigh on the US dollar and maintain interest in safe-haven assets. Market participants tend to hold large positions ahead of the FOMC—the dot plot and Powell's tone will be key determinants of the next direction, particularly for clarity on the tapering path through the end of the year. Technically, the psychological $3,700 area is the first hurdle; a break and hold above it (intrahour/daily close) opens the way to $3,715–$3,730 and then $3,750....
Silver held steady around $42.6/oz in the European session on Tuesday (September 16th), nearing a 14-year peak ahead of the Fed's decision. The market strongly assessed US President Donald Trump's 25-bps cut for a larger cut; the Bank of China and China are likely to ease, while the Bank of Japan and Bank of England are expected to hold steady. Progress on US-China trade talks also supported sentiment.Fundamentally, the bias remains constructive: the dollar has the potential to weaken if the Fed begins to ease, while industrial demand (solar/EV/electronics) is tightening physical supply. At...
Gold prices hit a new record high on Tuesday (September 16th), breaking through $3,685 per ounce. This increase occurred as investors grew more confident that the Federal Reserve (The Fed) would cut interest rates this week, opening the door to further monetary easing in the coming months. Furthermore, the weakening of the US dollar to its lowest level in more than seven weeks also boosted gold prices. The market is now awaiting the release of the Fed's latest economic and interest rate projections via the "dot plot" and Chairman Jerome Powell's press conference following the announcement of...
Global oil prices fluctuated in today's trading. Market sentiment was torn between concerns about oversupply and the threat of supply disruptions due to geopolitical escalation. On the supply side, recent data showed that US crude oil inventories increased more than expected. Meanwhile, OPEC+'s decision to gradually ease production cuts also added pressure. However, bullish sentiment has not completely dissipated. The recent attacks on energy facilities in Russia raised concerns about sudden supply disruptions. The potential for new sanctions against Moscow and the escalation of conflict in...