Gold prices held above $4,100/oz on Tuesday (November 11) during the Asian session. This was supported by increasing expectations of a Fed interest rate cut following a series of weak US economic data. On Monday, gold briefly touched a two-week high, while inflows into global gold ETFs in October increased again, providing a more solid basis for demand. The dollar also weakened on hopes of a resolution to the US government shutdown, while the US 10Y yield held near 4.12%, a tame level supporting gold. At the time of this analysis, gold prices were around $4,118. Disclaimer:This article is...
Silver prices fell around $29.40 in thin US midday trading after the Christmas holiday on Friday (12/27). The white metal came under pressure even as tensions in the Middle East between Israel and Iran have escalated. On Thursday, Israel launched missiles at the Iranian-backed Houthi military and bombed Yemini airport. Following the airstrike, Israeli Prime Minister Benjamin Netanyahu said in an interview with Israeli Houthi TV, "We are just getting started with them." Israel retaliated against last week's airstrike by Iran. Historically, rising geopolitical tensions increase demand for...
Gold prices plunged and are on track for a weekly decline amid light holiday trading. Gold was trading at $2,615 an ounce in the US Central session, and is set to end the week lower. The precious metal has been declining against stronger US Treasury yields, with the market looking to 2025 for fresh catalysts. Market pessimism around the prospect of a significant US interest rate cut in the new year has continued to weigh on gold prices in late December, reflecting hawkish Federal Reserve comments and the inflationary nature of many of President-elect Donald Trump's proposed policies....
Gold (XAG/USD) prices moved lower amid a quiet post-Christmas holiday trade, trading near $29 during the Asian session on Friday(12/27).Non-yielding silver gained traction as modest US PCE inflation data challenged expectations of limited Fed rate cuts next year, hinting.The safe-haven appeal was supported by rising geopolitical risks stemming from the prolonged Russia-Ukraine conflict and ongoing tensions in the Middle East. Source: Newsmaker.id
Gold prices moved in the $2632 placement area in the Asian session on Friday (12/27).This precious metal has become a safe haven asset that can find support to rise as the market anticipates signals regarding the United States (US) economy under the upcoming Trump administration and the outlook for Federal Reserve (Fed) interest rates for 2025.Until this news was released, the Gold Price was at $2,632 Source: Newsmaker.id
Silver moved above $29.50 an ounce, recovering from a three-month low of $29 hit on Dec. 19 as markets reconsidered the expected level of hawkishness from the Fed next year. Lower-than-expected core PCE prices in November eased concerns about overly tight interest rates fueled by hawkish projections from FOMC members, lowering bond yields and supporting the precious metal.As of this writing, Silver is at $29,726 Source: Newsmaker.id