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,...
Silver broke through $48/oz and approached a 14-year peak as investors sought safe havens amid the US government shutdown, which has entered its second week, delaying data releases and clouding the economic outlook. The market also believes the Fed is likely to cut interest rates by 25 bps this month, with a further cut likely in December—a combination that typically supports precious metals—despite occasional USD strengthening. Fundamentally, physical demand from solar and electronics remains strong, while the global supply deficit is expected to persist into 2025, supporting prices....
Gold prices (XAU/USD) weakened in Tuesday's trading after a strong rally, dragged down by a strengthening US dollar and rising Treasury yields. Risk-off sentiment began to ease as optimism emerged that US government budget negotiations would soon reach a resolution, reducing demand for safe-haven assets. Furthermore, some market participants also began taking profits after gold prices briefly reached a record high above $3,900 per ounce earlier in the week. Nevertheless, the medium-term outlook for gold remains positive. Expectations that the Federal Reserve will cut interest rates soon...
Silver weakened early in the Asian session, hovering near $48.45 after briefly touching a 14-year high. The strengthening US dollar—along with rising US bond yields—made USD-denominated commodities more expensive for overseas buyers, pressuring silver prices. However, global uncertainty and hopes for a Fed interest rate cut have the potential to limit further declines. "Safe haven" sentiment remains strong as the US government shutdown enters its seventh day, with the Senate failing to pass a budget bill, delaying key economic data such as the September employment report. US President...
Gold strengthened early in the Asian session. This rise aligns with the upward trend in commodities, driven by macroeconomic uncertainty, a weakening dollar, and continued strong demand for hard assets. According to City Index and FOREX.com analyst Fawad Razaqzada, the breakout of the "round number" has rekindled buying momentum as there has been no significant selling. After surpassing $3,900/oz, gold has the potential to test the next psychological level at $4,000/oz. ICE data shows spot gold rose 0.3% to $3,969.75/oz, after hitting a new intraday record of $3,976.18/oz. At the time of...
Brent oil prices are currently trading around $65 per barrel, driven by expectations that global energy demand will increase as economic prospects improve in several key countries. Investors also view OPEC+'s decision to hold production increases for the coming months as a positive signal for the market, as this move could help balance supply amid concerns about oversupply. Price gains are also supported by a weakening US dollar, which makes oil cheaper for holders of other currencies, and increased industrial activity in Asia. However, the short-term outlook remains clouded by concerns...