Silver prices were range bound on Wednesday, March 18, as investors stayed cautious ahead of the US Federal Reserve’s rate decision later in the day, with inflation risks rising due to elevated oil prices amid the prolonged Middle East conflict. The US Federal Reserve is widely expected to keep interest rates unchanged, while markets remain…
The US stock market is likely to open lower in Tuesday’s trading session, March 17, as futures of the three key averages—the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite—are trading lower by 0.3%, 0.2%, and 0.4%, respectively, in pre-market trading after crude oil prices resumed their winning run, fueling inflation concerns. Wall Street…
A full-scale war, increased geopolitical risks, sticky inflation, and faltering economic growth—each of these factors is a major driver of gold prices. Together, they can potentially send the yellow metal soaring. Yet, even a confluence of these factors has failed to trigger a sharp upside in gold prices. In fact, the metal is undergoing a…
Silver prices slipped around 2% on Monday, March 16 even as the dollar softened, with bullion caught between two competing forces. On one hand, a weaker greenback and lower US Treasury yields offered some support to precious metals. On the other, stubbornly high oil prices kept inflation worries alive, which in turn reduced expectations of…
Gold rate today: Despite tensions in the Middle East intensifying, precious metals have pulled back sharply in Tuesday’s session, March 3, weighed down by a strong US dollar, which has made greenback-priced commodities more expensive for holders of other currencies. Gold, often deemed a safe-haven asset by investors during times of crisis, fell $230 per…
The US Federal Reserve policymakers made a near-unanimous decision to keep interest rates unchanged at their meeting in January, with policymakers striking a cautiously hawkish tone even as they signaled flexibility on future moves, according to the minutes of the latest Federal Open Market Committee (FOMC) meeting released on Wednesday. While the decision to hold…
Gold prices recouped part of their recent losses during Friday’s session, as the sharp correction appeared to have triggered value buying, while softness in the US dollar also aided sentiment. On the economic front, weaker US labor market data reinforced expectations of a US Federal Reserve rate cut in June, supporting safe-haven demand. On the…
After a two-day relief rally, both silver and gold prices came under renewed selling pressure during Thursday’s session on 9 February, wiping out the recent recovery. Prices were pressured by a firm US dollar, a lack of fresh triggers, and easing geopolitical tensions, which kept safe-haven metals out of investors’ radar. Following a flat close…
Gold and silver traded higher on Wednesday, 4 February, following strong gains in the previous session, as the recent dip in safe-haven assets encouraged investors to accumulate both metals, reviving their upward momentum. After a 6% rally, the biggest daily gain since 2008, April futures contracts on Comex jumped another $179, or 3.62%, to the…
Precious metals—gold and silver—have returned to their bull run in Tuesday’s session after remaining under pressure for two straight sessions, which marked the worst period for both metals in over a decade. After Friday’s plunge, its worst day in 46 years, and another 1.9% retreat on Monday that left gold down 13% over two sessions,…
