XAG/USD attracts some buyers above $29.00, focus on US GDP data
Silver prices rose to around USD 29.45 in the early European session on Thursday, up 1.03% on the day. The further decline of the US dollar and ongoing tensions in…
Gold continues rally near all-time high despite geopolitical risks and bets on Fed rate cuts
Gold prices continued their rally in Asian trading on Wednesday. The deteriorating situation in the Middle East and the Fed’s dovish stance are supporting the price of gold. Traders await…
XAG/USD holds below USD 30.00 amid positive sentiment
The price of silver is consolidating with a positive trend around the psychological mark of $30.00. Increasing tensions in the Middle East could support the safe haven silver. The yieldless…
XAU/USD extends uptrend above $2,500 as Fed hints at September rate cut
Gold prices are gaining momentum to around $2,515 in early Asian trading on Monday. Fed Chairman Powell said the “time has come” for the US central bank to start cutting…
XAG/USD rises above $29.00 on dovish sentiment around the Fed
The price of silver is rising as market participants await a statement from Fed Chairman Powell on possible interest rate cuts. Boston Fed President Susan Collins expressed support for starting…
XAG/USD falls to around $29.50 ahead of Jackson Hole Symposium
Silver prices are moving sideways as traders remain cautious ahead of the annual Jackson Hole Symposium scheduled for August 22-24. Fed Chairman Jerome Powell will discuss the possibility of interest…
XAU/USD remains stable above $2,500, potential downside appears limited
Gold prices remained unchanged at around $2,500 in early Asian trading on Tuesday. The Fed’s dovish statements and interest rate cut bets are supporting the gold price. Declining geopolitical risks…
XAG/USD remains below $29.00 despite rising geopolitical tensions
The downside of silver as a safe haven may be limited due to increasing geopolitical tensions. Hamas rejected the terms of a hostage release and ceasefire agreement discussed in Doha…
Fed Chairman Daly: It is time to think about adjusting borrowing costs
According to the Financial Times, Mary Daly, president of the Federal Reserve Bank of San Francisco, said the U.S. central bank must take a gradual approach to reducing borrowing costs.…
XAU/USD holds above $2,500 despite ongoing geopolitical risks and hopes for Fed rate cuts
Gold prices rise to $2,505 in early Asian trading on Monday. The latest number of newly built US homes increased concerns about the strength of the economy and raised expectations…
