Silver price rises to $30.80 per troy ounce during the European session on Monday.
Silver price advances due to escalated geopolitical tensions in the Middle East. Israeli strikes in Rafah on Sunday killed at least 35 people, intensifying pressure surrounding the conflict in Gaza. The subdued US Dollar reinforcesthe strength of the grey metal. Safe-haven commodities like Silver have gained ground due to escalated geopolitical tensions in the Middle East. According to CNN, Israeli strikes killed at least 35 people in Rafah on Sunday, increasing pressure over the war in Gaza.
1 from a preliminary reading of 67.4, it still marked the lowest level in six months. These figures likely contributed to strengthening investors’ sentiment regarding potential rate cuts by the Federal Reserve. However, recent hawkish remarks by Fed officials suggest that the central bank will maintain higher interest rates for a longer period.
XAGUSD Commodities Macroeconomics Silver
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Silver Price Forecast: XAG/USD rebounds to near $26.50 despite hawkish FedSilver price recovers its recent losses registered in the previous session, trading around $26.50 per troy ounce during the Asian trading hours on Wednesday.
Les mer »
Silver Price Forecast: XAG/USD bounces back to $26.60 after weak US Manufacturing PMI reportSilver price (XAG/USD) recovers strongly from four-month low of $26.30 as the United States Institute of Supply Management (ISM) has reported a weak Manufacturing PMI report for April.
Les mer »
Silver Price Forecast: XAG/USD retreats from $26.80 amid uncertainty ahead of US NFPSilver price (XAG/USD) falls back sharply to $26.20 while attempting to recapture the crucial resistance of $27.00 during the European session on Thursday.
Les mer »
Silver Price Forecast: XAG/USD depreciates to near $26.50 ahead of US NFPSilver price snaps its two-day winning streak, trading around $26.50 per troy ounce during the European session on Friday.
Les mer »
Silver Price Forecast: XAG/USD plummets to $26 despite weak US NFP dataSilver price (XAG/USD) reverses gains and falls sharply to $26.00 despite the United States Nonfarm Payrolls (NFP) data for April turned out weaker than expected.
Les mer »
Silver Price Forecast: XAG/USD holds gains above $27 on Fed rate-cut optimismSilver price (XAG/USD) falls slightly from weekly high of $27.50 but manages a firm-footing above the crucial support of $27.00 in Tuesday’s late European session.
Les mer »