Silver prices are currently trading above $74.49 per ounce in the US session on Friday (December 26th), extending a remarkable rally that began several months ago, fueled by geopolitical tensions and a weakening US dollar. This surge was fueled by continued speculation, supply dislocations in major trading centers, and a large influx of funds into silver-backed ETFs. Rising demand, from both the investment and industrial sectors, has made silver a leading choice amidst the global economy.Silver is also supported by fundamental factors such as rising geopolitical tensions and concerns about...
Silver prices strengthened on Wednesday (August 13th) amid positive sentiment in the precious metals market. This strengthening was driven by a weakening US dollar following the release of weaker-than-expected US economic data, fueling speculation that the Federal Reserve could soon cut interest rates. Silver demand was also supported by a solid industrial outlook, particularly in the renewable energy and manufacturing sectors, strengthening its appeal as both a safe haven asset and an industrial commodity. Source: Newsmaker.id(alg)
Gold held steady on Wednesday (August 13th), as investors weighed the Federal Reserve's policy outlook following the latest CPI release. Tariff-fueled inflation concerns and strengthened expectations of a 25 bps Fed rate cut in September, boosting the appeal of non-yielding bullion. Market focus will now turn to the upcoming US data series on PPI, weekly jobless claims, and retail sales to test the consistency of the disinflationary trend and the direction of monetary policy. Meanwhile, regulatory uncertainty continues to cloud sentiment. Market participants await clarity on the status of...
Oil prices remained largely unchanged after the US and China extended a tariff ceasefire until November 10, easing fears of a trade war that could depress energy demand. Brent fell to $66.27 and WTI to $63.51 per barrel. The market now awaits the Trump-Putin meeting on Friday to discuss peace in Ukraine, amid US pressure on Russian oil buyers. The outcome could determine the direction of oil prices going forward.Brent oil prices were at $66.41/Try Once at the time of writing. DISCLAIMER Note: This article is analytical only and is not a definitive reference. Pay attention to developments...
Silver prices (XAG/USD) strengthened after dropping about 2% in the previous session, trading around $37.80 per troy ounce during European trading hours on Tuesday (August 12th). Silver attracted buyers after US President Donald Trump announced on Monday evening that he would delay the implementation of massive tariffs on China for an additional 90 days. The decision came just hours before the previous agreement between the world's two largest economies was scheduled to expire. Source: Newsmaker.id
Gold prices (XAU/USD) maintained their moderate intraday gains throughout the first half of the European session on Tuesday, albeit with less optimism as traders awaited the release of US consumer inflation figures. This important data will play a key role in influencing expectations regarding the Federal Reserve's (Fed) interest rate cut path, which in turn will boost the US Dollar (USD) and provide a significant boost to the non-yielding yellow metal. Source: Newsmaker.id