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,...
Prices are hovering around 41,165, supported by expectations of a Fed rate cut, which is pressuring USD/yield, a positive correlation with gold, and solid industrial demand (solar power and electronics).Key catalysts: US CPI release tonight WIB. A lower result tends to be bullish for silver, while a higher result risks depressing prices. Also monitor Chinese data, ETF flows, and supply from major producers (Mexico/Peru) as further determinants of the 41-day moving average.The silver price at the time of writing was $41,165/Toz. DISCLAIMERNote: This article is for analytical purposes...
Gold prices are currently rising on Wednesday (September 10th), driven by growing expectations that the Federal Reserve will cut interest rates at its meeting next week. Weaker-than-expected US economic data, including revised Nonfarm Payrolls and a weakening labor market, further strengthen the argument that the central bank needs to loosen policy to maintain growth. Declining US bond yields are also making gold increasingly attractive as a hedge. In addition to monetary factors, geopolitical tensions in the Middle East and increasing global uncertainty are also supporting the rise in...
Brent oil prices are currently rising on Wednesday (September 10th), in line with growing market optimism regarding global energy demand. Investors assess that the outlook for oil consumption remains solid despite signs of an economic slowdown in several major countries. Positive sentiment also comes from crude oil inventory reports showing a decline in stocks, signaling strong demand in the physical market. In addition, market attention is focused on OPEC+ policy, which is expected to maintain production stability amid geopolitical uncertainty. US economic data due this week, including...
Silver prices broke through $41 per ounce on Wednesday (September 10), holding near a 14-year high as speculation of an interest rate cut by the US Federal Reserve mounted. On Tuesday, the US Bureau of Labor Statistics reported that the economy likely added 911,000 fewer jobs in the 12 months to March, or about 76,000 fewer per month, confirming weaker labor market conditions than previously estimated. Combined with last week's weak August jobs report, this data reinforces expectations for a 25 basis point Fed rate cut next week, although some investors are speculating on a larger 50 basis...
World oil prices rose again in Asian trading on Wednesday (September 10th) after an Israeli attack on Hamas leaders in Doha, Qatar, sparked concerns about escalating tensions in the Middle East. This attack pushed oil prices up by 2% on Tuesday before correcting, but then stabilizing as the market assessed the potential for further conflict. Israel claimed to have targeted a Hamas team, but the group said the attempt failed despite five casualties. This situation adds uncertainty to peace talks, while the market worries that further military action could destabilize the region, which is...