Gold price (XAU/USD) maintains its offered tone through the first half of the European session on Wednesday, though it lacks follow-through selling as traders opt to wait for the release of the US consumer inflation figures. In the meantime, the US Dollar (USD) attracts some buyers in the wake of Federal Reserve (Fed) Chair Jerome Powell's hawkish remarks on Tuesday. This, along with a generally positive risk tone, undermines the commodity for the second straight day. However, concerns that US President Donald Trump's new levies on commodity imports and promised reciprocal tariffs, along...
Silver prices rose above $31.10 an ounce on Monday, nearing a one-month high as investors awaited key US inflation data due later in the week, which could strengthen expectations of a Federal Reserve interest rate cut this month. The market is now pricing in an 83% chance of a 25 basis point rate cut, up sharply from 62% a week ago. Silver also rose alongside gold, following the resumption of bullion purchases by China's central bank after a six-month hiatus. In addition, the market is focused on this week's Central Economic Work Conference, which will outline China's economic priorities...