Silver prices are currently trading above $74.49 per ounce in the US session on Friday (December 26th), extending a remarkable rally that began several months ago, fueled by geopolitical tensions and a weakening US dollar. This surge was fueled by continued speculation, supply dislocations in major trading centers, and a large influx of funds into silver-backed ETFs. Rising demand, from both the investment and industrial sectors, has made silver a leading choice amidst the global economy.Silver is also supported by fundamental factors such as rising geopolitical tensions and concerns about...
Silver prices (XAG/USD) experienced a correction to around $30.20 per troy ounce on Monday (13/1), slightly reversing some of its gains recorded last month, as the dollar strengthened following stronger-than-expected US jobs data. Looking ahead, investors are focused on US inflation data this week for further insight into the direction of Fed policy. Despite the recent decline, silver has jumped almost 3% last week, marking its best weekly performance since mid-November. Meanwhile, silver's value continues to be supported by strong industrial demand, especially in renewable energy...
Gold prices reversed the Asian session decline to the $2,688 area and are currently trading just below the one-month highs hit on Friday, although the upside appears limited. The upbeat US Nonfarm Payrolls (NFP) report reinforced market expectations that the Federal Reserve (Fed) will halt its interest rate-cutting cycle later this month. This, coupled with persistent geopolitical risks, dampened investors' appetite for riskier assets, as evident from the weaker tone around equity markets and acted as a tailwind for the safe-haven precious metal. Source: Newsmaker.id
Silver prices are holding in positive territory, nearing a three-week high as investors digest the Fed's cautious stance on interest rate cuts. The Fed's uncertainty around inflation and proposed tariffs under President-elect Trump have kept market participants on edge, bolstering demand for silver as a safe-haven asset.In addition, strong industrial demand for silver, driven by its critical role in renewable energy and electronics technologies, has further boosted its value. Supply constraints, including labor strikes and operational disruptions in mining, have exacerbated the supply...
Gold held on to a four-day gain, with traders seeking refuge in the safe-haven asset as risk-off sentiment gripped markets amid renewed uncertainty over the Federal Reserve's interest rate path.Bullion was trading near its highest level in a month around $2,690 an ounce, after rising 1.9% last week despite headwinds from firmer bond yields and a stronger dollar. A report on Friday showed remarkable resilience in the U.S. labor market, leading economists at several major banks to revise down their forecasts for additional interest rate cuts. While higher borrowing costs are usually negative...
Silver prices edged higher in the mid-day US session on Friday, after stronger-than-expected US jobs data reinforced expectations that the Federal Reserve may not cut interest rates aggressively this year. Silver remained near a three-week high as investors digested the Fed's cautious stance on rate cuts. The Fed's uncertainty over inflation and proposed tariffs under President-elect Trump has kept market participants on edge, boosting demand for silver as a safe-haven asset. In addition, strong industrial demand for silver, driven by its key role in renewable energy and electronics...