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,...
The movement is still being driven by global sentiment, which supports demand for the precious metal. Investors are increasingly optimistic that the Federal Reserve will cut interest rates in the near future after US employment and inflation data showed signs of weakness. These expectations of monetary easing have driven down real yields, thereby increasing the appeal of non-interest-bearing silver. In addition to monetary factors, industrial demand is also a key driver, particularly from the renewable energy, electronics, and technology sectors. As the global transition to clean energy...
Gold is consolidating around $3,650 (near resistance), still supported by a weak USD and subdued US yields. Key levels: $3,675 (latest high) above, with $3,626 as support. FOMC decision will be decisive: dovish (-25 bps + further signals) → USD tends to weaken → gold has the potential to rise; more cautious/hawkish → USD could rebound → gold is vulnerable to a correction to the support area. Oil price at the time of writing was $3,659.DISCLAIMER Note: This article is analytical in nature and is not a definitive reference. Consider fundamental and technical developments in trading before...
Positive sentiment ahead of a potential interest rate cut from the Fed has made precious metals, including silver, more attractive, as carrying costs are likely to decrease if interest rates fall.At the time of this analysis, the price of silver was at $42,178. Source: Newsmaker.id
Oil prices continue to rise due to Russian supply risks (Primorsk, Ust-Luga, Kirishi) and a weakening dollar ahead of the Fed's potential 25 bps cut. Key points: Brent $67.20 / WTI $62.94; drone attacks potentially reducing Russian exports to India and China; weak Chinese data (factories/retail) but refinery throughput and apparent demand are rising; sentiment is also influenced by trade tariff news (G7/US) and concerns about US fuel demand. In essence, there is a supply risk premium lifting prices, while the mixed demand side is holding back any further rally. Future Outlook: The...
Gold prices weakened on Monday, pressured by profit-taking and a stronger dollar, although the decline was limited as investors awaited the US Federal Reserve meeting, where an interest rate cut is expected following a series of weak labor market reports. Spot gold prices fell 0.2% to $3,633.86 per ounce, as of 01:52 GMT. Bullion prices rose about 1.6% last week, hitting a record high of $3,673.95 on Tuesday. US gold futures for December delivery fell 0.4% to $3,671.30. "Gold appears technically overbought, which is driving profit-taking at the start of the week. The dollar's resilience...