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Silver Price Forecast: XAG/USD rises to near $66.00 as US-10 year yield slides
Silver price (XAG/USD) gains ground for the second successive day, trading around $65.80 per troy ounce during the Asian hours on Friday. Non-yielding Silver gained support as falling oil prices helped ease inflation concerns, which in turn pushed government bond yields lower.
Gold rebounds to near $4,350 on weaker US Dollar, falling oil prices
Gold price (XAU/USD) rises to near $4,345 during the early Asian session on Friday. The precious metal rebounds from a six-week low amid falling oil prices and a weaker US Dollar (USD). Traders continue to assess the latest Federal Reserve (Fed) rate hike and policy cues.
Silver Price Forecast: Bulls threaten bearish setup after Fed hike
Silver (XAG/USD) surges to five-day highs above $66.00 on Thursday as traders digest the Federal Reserve (Fed) rate hike on Wednesday. Meanwhile, a drop in US Treasury yields is undermining the Greenback, which clings to early gains but has barely changed.
Gold shrugs off Fed hike as falling yields reopen path to $4,400
Gold (XAU/USD) rallies on Thursday, up by more than 2% as investors digest the latest rate hike by the Federal Reserve (Fed), while a fall in Oil prices pushed the US Dollar and US yields lower.
Gold climbs over 2% as US Dollar trims post-Fed gains
Gold (XAU/USD) holds near its daily high on Thursday after rebounding sharply earlier in the day as the US Dollar trims some of its post-Fed gains. A cooldown in the Oil rally also pulls US Treasury yields away from their recent highs, lending additional support to the precious metal.
Silver price rebounds on softer Oil but Fed tightening caps recovery
Silver (XAG/USD) rebounds on Thursday and trades around $64.15 at the time of writing, up 1.87% on the day. The white metal benefits mainly from the pullback in Oil prices, which helps ease concerns about a renewed acceleration in inflationary pressures.
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Thursday, according to FXStreet data. Silver trades at $63.96 per troy ounce, up 1.58% from the $62.97 it cost on Wednesday.
Indian Rupee: RBI liquidity withdrawal tempers risks – Commerzbank
Commerzbank’s India analysis shows the Reserve Bank of India stepping up liquidity absorption via INR1trn of government bond sales and continued VRRR operations, FX swaps and open-market actions. The measures aim to align money-market rates with the 5.25% policy rate.
Gold: Higher yields cap recovery prospects – OCBC
OCBC strategist Christopher Wong reports that Gold reversed lower after the FOMC as a stronger US Dollar (USD) and rising United States (US) yields weighed on sentiment, with the 2-year near 4.75% and the 10-year around 5%.
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Thursday, according to data compiled by FXStreet.
Gold extends fragile recovery from multi-week low as softer bond yields weigh on USD
Gold (XAU/USD) builds on its intraday ascent through the first half of the European session on Thursday and recovers further from a near six-week low, touched the previous day.
Silver Price Forecast: XAG/USD rises to near $64.00 as oil prices decline
Silver price (XAG/USD) gains ground after posting losses the previous day, trading around $63.80 per troy ounce during the Asian hours on Thursday. The white metal finds support as oil prices retreated amid easing concerns over supply disruptions and inflation.
Gold falls to near $4,250 after Fed delivers rate hike
Gold price (XAU/USD) attracts some sellers to around $4,265 during the early Asian session on Thursday. The precious metal extends its downside after the US Federal Reserve (Fed) raises interest rates and signals another rate increase is likely this year.Â