Gold and silver are once again showing strong bullish momentum, with technical and fundamental indicators aligning for a potential breakout. The release of key economic data from the United States and Canada today is expected to provide further direction to the precious metals market. The U.S. Non-Farm Payrolls (NFP) and
Silver prices witnessed a speculative plunge yesterday. Prices dropped by 3.80%, its biggest intraday fall after 7 March 2023. As data from the United States showed that inflation is cooling down. While the labor market commences easing amidst US Federal Reserve (Fed) officials complaining about its tightness. Further, the BOE
Dollar strengthened more than half percent against a basket of major currencies on Thursday. Currency sparked to the one week high after recent jobless claims data strengthened the case for the Federal Reserve to halt interest rate hikes, but kept a high bar for a year-end cuts. The number of
Gold prices witnessed a speculative jump yesterday. Prices rebounded more than 1000 points from the day’s low. Witnessed its biggest single day gains in a month. Prices railed abruptly as yields dropped on renewed fears of contagion in the U.S. banking sector, ahead of the Federal Reserve’s widely anticipated decision
Here is the gist of Silver Institute Report available in both English and Hindi . SILVER SUPPLY- SILVER DEMAND- MARKET AND PRICE OUTLOOK- SILVER DEMAND- PRIMARY SILVER PRODUCTION COSTS- The key points from the data are: RESERVES AND RESOURCES- BULLION TRADE- GLOBAL SILVERWARE DEMAND- Content source: Silver Institute
Dollar strengthened more than half percent yesterday. It bounced from the one-year low after strong earnings from some of Wall Street’s banking. Giants diluted concerns about the sector, raising expectations of another interest rate hike by the Federal Reserve. Friday saw the release of a strong set of first-quarter 2023
Gold prices posted more than 0.70% gain yesterday. Precious metal sparked to the day’s high as the dollar retreated against its major peers. Greenback gave up its previous day gain as the market is waiting on inflation data. And its impact on the Fed decision. US CPI and Fed meeting
Silver prices continued its recent bullish move for the fifth consecutive week. Prices gained more than 3% on a weekly basis. Prices sparked to the new multiweek high wighted by the current economic jitters, global inflation worries and recession fears. The white metal is currently at a nearly one year
Gold prices made a historical high yesterday. Prices jumped more than 1.50%. As more signs of slowing economic growth fed into safe haven demand for the yellow metal. Yellow metals rose abruptly, as after the U.S. dollar tumbled to a two-month low. Currency dropped towards day’s low 101.459 after weak
Gold prices sparked for the third consecutive day yesterday. Prices jumped by 0.64%, and settled above 59300. Fed rate policy speculation, falling dollar and jitters of a potential banking crisis put the yellow metal on course for a sharp rise this month. Gold prices shot up through March as fears
