Gold prices held steady on Friday (August 15th), continuing the previous session's decline and on track for their worst week since late June. Sentiment was weighed down after a series of stronger-than-expected US data eroded hopes of a significant Fed interest rate cut, causing the dollar and US bond yields to strengthen and dampen interest in non-yielding assets like gold. Pressure intensified after the US PPI rose at its fastest pace in three years in July, well above consensus, indicating that companies were beginning to pass on tariff-induced import cost increases to final...
Silver (XAG/USD) prices fell during the European session on Thursday (3/20). The non-interest-bearing metal faced pressure after the Federal Reserve (Fed) interest rate decision. As widely expected, the Fed kept the federal funds rate at 4.25%–4.5% during its March meeting but reiterated its outlook for two rate cuts later this year. Source: Newsmaker.id
Gold prices stabilized again in European trading on Thursday (3/20)Gold stabilized after hitting a record high earlier in the session on slower US growth projections and higher inflation this year from the Federal Reserve, which kept interest rates unchanged. Source: Newsmaker.id
As widely expected, the Fed kept the federal funds rate at 4.25%–4.5% during its March meeting but reiterated its outlook for two rate cuts later this year. Silver, a non-yielding asset, may have found support as U.S. Treasury yields declined, with the 2-year yield at 3.97% and the 10-year yield at 4.24%. Silver prices are trading in the $33 area heading into the European session on Thursday (3/20). Source: Newsmaker.id
Silver (XAG/USD) prices fell after hitting a five-month high of $34.23 on Tuesday (3/19), trading around $33.70 per troy ounce during European trading hours on Wednesday. The decline came as silver investors took a breather ahead of the Federal Reserve's (Fed) interest rate decision later in the day. Traders will likely be watching the Fed's latest economic projections for insight into the future trajectory of US interest rates. Higher interest rates tend to weigh on demand for non-yielding assets such as Silver, limiting its upside potential. Source: Newsmaker.id
Gold fell slightly in early European trading on Wednesday (03/19), correcting slightly lower to near $3,030 at the time of writing. After climbing higher and hitting a new all-time high of $3,045 earlier in the day. The positive move came after headlines emerged that authorities had detained Istanbul Mayor Ekrem Imamoglu, a major political rival of President Tayyip Erdogan, on charges including corruption and aiding a terrorist group. Source: Newsmaker.id