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 prices fell to below $31.7 per ounce on Wednesday, underperforming other bullion assets amid uncertainty over Chinese industrial demand and weaker currencies for major silver exporters. Reports indicated that the Chinese government is willing to devalue the yuan in response to tariff threats from the US, consistent with its pledge to loosen monetary policy, making Chinese exports cheaper for foreign markets. Until this News Released Silver Price is at level: $ 31,679 Source: Newsmaker.id
Gold prices held steady near a two-week high in Asian trade on Wednesday as geopolitical instability in Asia and the Middle East supported safe-haven demand.The yellow metal also found some bids as markets turned risk-averse ahead of key U.S. inflation data due later Wednesday, which is likely to factor into the interest rate outlook.As of this writing, gold is trading at: $2,698 Newsmaker.id
Gold (XAU/USD) prices extended its weekly uptrend for the third straight day on Wednesday and climbed to a two-and-a-half-week high during the Asian session. The commodity now looks to extend its momentum beyond the $2,700 mark and remains well supported by a combination of factors. Geopolitical risks stemming from the escalating Russia-Ukraine war and tensions in the Middle East, along with concerns over US President-elect Donald Trump's tariff plans, continue to boost safe-haven demand. Until this News Released Gold Prices Were at Level: $ 2,683
Gold prices steadied near a two-week high in Asian trade on Wednesday as geopolitical instability in Asia and the Middle East underpinned safe haven demand. The yellow metal also caught some bids as markets turned risk-averse ahead of key U.S. inflation data due later on Wednesday, which is likely to factor into the outlook for rates. Among industrial metals, copper prices rose sharply on sustained optimism over more stimulus measures in top importer China. Encouraging copper import data from the country also aided sentiment. Source: Investing.com
Gold rose during the North American session on Tuesday with buyers eyeing the $2,700 mark for the first time since November 25. One of the drivers of the yellow metal's rise was expectations that the Federal Reserve (Fed) will cut interest rates at its December meeting. At the time of writing, XAU/USD was trading at $2,694, up 1.32%. US economic data released on the day showed that small businesses have grown optimistic about the economy, according to a survey by the National Federation of Independent Business. However, traders are focused on the release of US inflation figures on the...