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Silver slides below $65 as US PPI reinforces Fed rate-hike bets
Silver (XAG/USD) extends its sharp decline on Thursday, trading around $64.35 per ounce at the time of writing, down 4.39% on the day.
Gold: Near-term selling may only delay next leg higher - TD Securities
TD Securities’ Ryan McKay and Bart Melek note that Gold is outperforming other precious metals even as higher energy prices and rising Fed hike expectations weigh on the complex.
Gold slides as US PPI reinforces Fed hike expectations, US Dollar and yields rise
Gold (XAU/USD) trades with a downside bias on Thursday as a steady US Dollar (USD), rising US Treasury yields and Federal Reserve (Fed) rate-hike expectations weigh on the precious metal, while traders also assess the latest US Producer Price Index (PPI) data.
Silver Price Forecast: XAG/USD tumbles below $66 as US Dollar recovers ahead of US PPI data
Silver price (XAG/USD) slides 2.3% to near $65.80 during the European trading session on Thursday. The white metal comes under pressure as the US Dollar (USD) turns slightly positive, with investors awaiting the United States (US) Producer Price Index (PPI) data for August releasing at 12:30 GMT.
Gold Price Forecast: XAU/USD holds below $4,400 with Oil, yields surging
Gold (XAU/USD) edges lower on Thursday after failing to find acceptance above $4,400, with Oil prices nearing the key $100 level and global yields rallying ahead of a string of monetary policy decisions from most of the world’s major central banks.
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data. Silver trades at $66.68 per troy ounce, down 0.93% from the $67.31 it cost on Wednesday.
Silver Price Forecast: XAG/USD awaits acceptance above $68.00 before the next leg up
Silver (XAG/USD) struggles to capitalize on a modest intraday uptick to the $68.00 neighborhood and trades near the lower end of its daily range during the early European session on Thursday.
Gold holds steady above $4,400 as traders await US inflation data for Fed rate cues
Gold (XAU/USD) struggles to capitalize on a modest intraday uptick on Thursday and trades just above the $4,400 mark during the early European session. Moreover, the commodity holds comfortably above a one-week low, set on Wednesday, as traders keenly await the release of US inflation figures.
Silver Price Forecast: XAG/USD trades firmly near $67.60 ahead of US PPI, CPI data
Silver price (XAG/USD) trades higher at around $67.60 during the Asian trading session on Thursday. The white metal reflects strength as the US Dollar is under pressure ahead of the United States (US) Producer Price Index (PPI) data for August, which will be published at 12:30 GMT.
Gold rebounds above $4,400 on weaker Dollar, US PPI inflation data looms
Gold price (XAU/USD) recovers to near $4,400, snapping the three-day losing streak during the early Asian session on Thursday. The precious metal gains ground amid a weaker US Dollar (USD).
Silver Price Forecast: Rally puts head-and-shoulders pattern on ice
Silver (XAG/USD) price makes a U-turn on Wednesday and rises over 3.40% as the Greenback weakens, putting the confirmation of a ‘head-and-shoulders’ chart pattern on hold, which has formed since mid-August. The XAG/USD pair trades at $68.00 after rebounding off $65.31.
Gold bulls defy US yield spike as Treasury buyback nears
Gold (XAU/USD) rises over 1% on Wednesday, even as the US Dollar (USD) trims some of its earlier losses, after the US Treasury Department announced a bond buyback for the September 10 auction of 10- and 20-year instruments.
Gold: Inflation data key catalyst – TD Securities
TD Securities’ Ryan McKay and Bart Melek say Gold and broader precious metals have held firm despite higher near-term Fed hike probabilities.