August 1, 2024 6:56 am
Spot Silver scaled a one-week peak of $29.159 per troy ounce on Thursday, after Federal Reserve Chair Jerome Powell said a rate cut in September could be on the table if the economy followed its expected path. The Federal Reserve left its federal funds rate target range without change at a 23-year high of 5.25%-5.50% […]
Read moreJuly 26, 2024 6:56 am
Spot Gold edged higher on Friday, but looked set for a weekly decline, as market players awaited the key US PCE inflation report that may provide further clues on the timing of the Federal Reserve’s first rate cut. Annual core PCE inflation probably eased to 2.5% in June, according to market consensus, from 2.6% in […]
Read moreJuly 16, 2024 6:43 am
Spot Gold edged higher on Tuesday, while holding near highs not seen since May 20th, as remarks by Federal Reserve Chair Jerome Powell reinforced the case for a rate cut in September. Yesterday the Fed Chair said that the three US inflation readings during the second quarter of 2024 “add somewhat to confidence” inflation is […]
Read moreJuly 8, 2024 7:22 am
Spot Silver retreated on Monday, but remained not far from last Friday’s one-month high of $31.49 per troy ounce, as soft US data reinforced prospects of an interest rate cut by the Federal Reserve later this year. Data showed last Friday that the unemployment rate in the United States had risen to 4.1% in June, […]
Read moreJuly 5, 2024 7:19 am
Spot Gold firmed on Friday and looked set for a second consecutive weekly advance, with market focus setting on the key US Non-Farm Payrolls report, which may provide more clues on the Federal Reserve’s interest rate trajectory. Employers in all sectors of the US economy, excluding farming, probably added 190,000 job positions in June, according […]
Read moreJuly 1, 2024 7:11 am
Spot Silver was little changed at the start of the week, as subsiding inflation in the US added to prospects that the Federal Reserve would deliver a rate cut later this year. Data showed last Friday that annual core PCE inflation had eased to 2.6% in May from 2.8% in April, while coming in line […]
Read moreJune 13, 2024 7:28 am
Spot Gold retreated on Thursday after the Federal Reserve indicated just one interest rate cut this year, compared to three rate cuts projected in March, as inflation still remains elevated. The US central bank left its federal funds rate target range without change at a 23-year high of 5.25%-5.50% for the seventh straight policy meeting […]
Read moreJune 10, 2024 7:32 am
Spot Silver rebounded over 1% on Monday after having recorded a sizable loss of 6.8% on Friday on the back of hot US employment data that bolstered the US Dollar. A much stronger-than-anticipated US Non-Farm Payrolls report cooled investor expectations of an early interest rate cut by the Federal Reserve this year. Employers in all […]
Read moreJune 3, 2024 7:21 am
Spot Gold was a notch weaker on Monday, with market focus setting on more macro data out of the US this week, including the key Non-Farm Payrolls report. The latest US PCE inflation figures still supported expectations that the Federal Reserve would likely cut interest rates later in 2024. Data showed last Friday that annual […]
Read moreMay 20, 2024 7:39 am
Spot Silver scaled a fresh 11 1/2-year peak of $32.518 per troy ounce on Monday, as indications of easing inflation in the United States added to market expectations the Federal Reserve could reduce borrowing costs soon. Markets are now pricing in about a 65% chance of a Fed rate cut occurring by September, according to […]
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