Gold (XAU/USD) prices recovered from hitting a one-and-a-half-week low during the Asian session on Friday and climbed to an intraday high, above $2,640 levels in the last hour. However, any meaningful appreciating move seems elusive ahead of the US Nonfarm Payrolls (NFP) report, which will be closely watched for the outlook on US interest rates and provide a fresh impetus to the non-yielding bullion. Despite this, the commodity remains on track for a second straight weekly decline. The closely watched US jobs data will guide the Federal Reserve (Fed) policymakers in their next monetary...
Silver prices held steady above $31 an ounce on Friday, near a one-month high as traders bet the U.S. Federal Reserve will cut interest rates again this month. The probability of a 25 basis point rate cut in December jumped to about 72%, up from 66% last week. The expectations grew even after Fed Chair Jerome Powell signaled that the central bank was in no rush to cut rates, citing strong growth, a robust labor market and persistent inflation pressures. Additionally, speculation is growing that China could announce more stimulus measures during a key political meeting this month, which...
Harga emas (XAU/USD) berjuang untuk memanfaatkan kenaikan intraday yang lumayan dari level terendah satu setengah minggu yang dicapai pada awal Jumat ini(6/12), meskipun berhasil mempertahankan kenaikan moderat sepanjang paruh pertama sesi Eropa. Imbal hasil obligasi Treasury AS tetap tertekan di tengah taruhan bahwa Federal Reserve (Fed) akan menurunkan biaya pinjaman pada bulan Desember. Hal ini, pada gilirannya, membuat Dolar AS (USD) mendekati level terendah multi-minggu dan bertindak sebagai pendorong bagi logam kuning yang tidak memberikan imbal hasil. Selain itu, sedikit penurunan...