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,...
Gold surged past $3,900 per ounce for the first time on Monday (October 6th). This surge occurred as investors sought a safe haven amid the weakening Japanese yen and the US government shutdown. The uncertain situation has made gold once again sought as a hedge, especially as the market is increasingly confident that the Fed will cut interest rates in the near future. Early in the session, gold even hit a new record at $3,944.63 per ounce before gradually stabilizing. As of 06:31 GMT, the spot price was still up around 1% at $3,925.91 per ounce. In the derivatives market, US gold futures...
Silver reached $48,202 per ounce this morning, indicating positive sentiment in the precious metals market. This price increase was driven by the ongoing global economy and the impact of delayed US employment data due to the government shutdown, prompting investors to increasingly seek safe-haven assets such as silver and gold. Furthermore, central banks' expected moves to cut interest rates also increased the appeal of this non-interest-bearing precious metal.However, despite silver's significant rise, analysts caution investors to remain cautious as the potential for a short-term...
Gold prices have strengthened again amid growing expectations of a US interest rate cut. Recent economic data showing slowing activity and controlled inflation has further strengthened market speculation that the Fed will ease monetary policy in the near future. This has prompted investors to turn to safe-haven assets like gold, whose value tends to stabilize when interest rates fall. In addition to monetary policy factors, political uncertainty resulting from the US government shutdown has also been an additional catalyst for gold's rally. Concerns over fiscal direction, inflation risks,...
Silver briefly slipped below $47 per ounce on Friday (October 3rd), but still has the potential to post a seventh consecutive weekly gain. The main driving force comes from expectations of further Fed interest rate cuts and uncertainty stemming from the US government shutdown. A string of recent US data has heightened speculation of easing, with the market almost fully pricing in a 25-bps cut this month and another in December. From a policy perspective, the government shutdown has so far seen minimal immediate impact, but it has raised concerns about fiscal direction, inflation risks, and...
Gold approaches $3,860/oz, poised for its seventh weekly gain. The US shutdown has caused a data blackout, with the market and the Fed focusing on private sector releases, with weak recruitment and fewer layoffs. Market money has almost fully priced in a 25 bps cut by the end of the month and the possibility of another cut in December.Structural support: central bank spending and ETF flows.But be wary of a pullback. The rapid rally is overbought, with profit-taking already emerging after the record. A dovish narrative maintains the continued bullish trend; conversely, a stronger dollar or a...