Demand for silver continues to rise sharply, driven primarily by the technology, electric vehicle, and solar power sectors—where silver is highly sought after due to its superior electrical conductivity. Meanwhile, silver supply remains limited because many mines only produce silver as a byproduct of copper, lead, or zinc—so even when prices rise, production does not immediately respond.Due to the combination of rising demand and slow supply growth, the silver market has recorded a structural deficit for several consecutive years. This provides a strong fundamental basis for the potential...
Silver climbed back above $30 an ounce on Wednesday, near its highest level in a month, as lower underlying inflation in the U.S. supported bets of less-tight monetary policy by the Fed. Core inflation unexpectedly slowed in December, while headline inflation held off from surprising to the upside. The results also supported bullion as they lower the opportunity cost of holding the interest-bearing asset. However, uncertain demand for silver's manufacturing uses kept prices well below a 12-year high of $35 in October. Source : Newsmaker.id
Gold prices rose for a second straight day on Wednesday (15/1) after US data signaled fading core inflation and a decline in US yields. This suggests that the Federal Reserve (Fed) could ease policy due to the disinflationary trend. Gold continued its positive trend after the US Bureau of Labor Statistics (BLS) revealed that underlying consumer inflation fell compared to estimates and the previous month's reading. The data caused US yields to fall, as there is an increasing possibility that the Fed will not rule out a rate cut after its December meeting. Source: Newsmaker.id
Silver prices rose and were in the $30 per troy ounce area on Wednesday (15/1) as market participants await a key US inflation report that could influence the Federal Reserve's interest rate decision later this month. Earlier this week, silver faced downward pressure as stronger-than-expected US jobs data dampened expectations for further Fed rate cuts this year. Despite the recent decline, the metal's value continues to be supported by strong industrial demand, particularly in renewable energy and electronics technology, as well as ongoing supply concerns. In addition, investors remain...
Gold prices rose on Wednesday (15/1) as the US dollar and Treasury yields weakened, while market participants awaited US inflation data for clues on the Federal Reserve's interest rate strategy. In addition, an upbeat US monthly jobs report released on Friday reaffirmed the Federal Reserve's (Fed) hawkish outlook and kept US Treasury bond yields elevated, which contributed to driving flows away from non-yielding Gold prices. Source: Newsmaker.id
The Hang Seng rose 66 points, or 0.3%, to close at 19,286 on Wednesday, rising for a second session amid gains mainly from financials and property. The index eased off a near four-month low after China's central bank today injected the second-largest amount of cash into the economy via 7-day reverse repos to meet demand ahead of the Lunar New Year. Meanwhile, data on Tuesday showed that new yuan loans jumped in December after falling to their lowest since 2012 in November. However, further gains were capped by concerns over trade tensions between Beijing and Washington, with the U.S....