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,...
Brent oil prices experienced a slight correction on Monday (November 3rd), compared to the previous week. This decline reflects growing concerns about slowing global demand and relatively stable supply—two factors that have combined to exert upward pressure on oil prices. Source: Newsmaker.id
Silver prices stabilized at $48.8 per ounce after high volatility last week. Investors are now awaiting the release of the US ADP employment data and the ISM PMI, as well as the impact of the Federal Reserve's recent interest rate cut.The easing of US-China trade tensions has also reduced demand for silver as a safe-haven asset. China will suspend export controls on rare earth metals, while the US has suspended some tariffs, affecting market sentiment toward precious metals.(asd)The price of silver at the time of this analysis was released was $48,900 Disclaimer:This article is analytical...
Gold prices fell below $4,000 an ounce early in the Asian session on Monday (November 3rd) after China ended a long-standing tax break for some retailers. This new policy could depress demand in the world's largest gold market, which had been fueled by the tax incentive. Gold bullion for immediate delivery briefly fell 1% before paring most of the intraday losses.On Saturday, Beijing announced that it would no longer allow retailers to offset value-added tax when selling gold purchased from the Shanghai Gold Exchange and the Shanghai Futures Exchange. This move covers both live and processed...
Silver prices moved sideways during the European session on Friday (October 31st), holding in the high range of around $49 per ounce. The market remained cautious as the dollar remained strong and gold corrected, while Jerome Powell's statement that a December Fed rate cut was unlikely to happen dampened expectations of further easing.Liquidity pressures that triggered a short squeeze earlier in the month eased as rents in London fell, but volatility remained high—buy the dip and sell the rally strategies were dominated until new triggers from US data or US-China trade news. The silver...
Gold prices weakened to around $4,010 an ounce on Friday, poised for a second weekly decline. Pressure stemmed from fading hopes for a Fed rate cut after Jerome Powell asserted that a December rate cut was "not guaranteed," keeping the dollar at a high level and dampening gold buying appetite. Safe-haven sentiment also eased after the US and China reached a one-year trade truce on rare earths, easing supply concerns for the high-tech industry. However, gold remains on track for monthly gains thanks to support from central bank purchases. A World Gold Council report showed central banks...