Metals
Metals, Technical Analysis
Silver Price Forecast: Bears crowd $60 after six-percent weekly rout
Silver price retreats on Friday, dropping about 0.76% as US Treasury yields edged higher, capping US Dollar depreciation, while investors punished the Greenback following a soft US jobs report. The XAG/USD trades at $60.50 at the time of writing. XAG/USD Price Forecast: Technical Outlook The white metal finished with weekly losses of over 6%, below […]
by Currency Hedger
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- 21 hours ago
Market Analysis, Metals, Technical Analysis
Copper SLIDES Toward Weekly Loss as China Demand Weakens and Supply Risks Build
Copper futures steadied around $6.52 per pound on Friday but remained on track for a nearly 3% weekly decline as signs of weakening industrial activity in China, the world’s largest copper consumer, weighed on the demand outlook. The metal also came under pressure from a stronger U.S. dollar, elevated bond yields and rising oil prices, […]
by Currency Hedger
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- 2 days ago
Metals, Technical Analysis
XAG/USD rises to near $61.40 as US yields retreat, NFP eyed
Silver price (XAG/USD) is up 0.55% to near $61.38 during the late Asian trading session on Friday. The white metal edges up as rally in United States (US) Treasury Yields has hit a pause. 10-Year US Treasury Yields have corrected to near 5.25% from its recent highs of 5.34%, the highest level seen since May […]
by Currency Hedger
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- 2 days ago
Metals, Technical Analysis
Gold struggles to lure buyers amid bullish USD; eye US NFP for Fed rate cues
Gold (XAU/USD) attracts some sellers during the Asian session on Friday, though the downside remains limited as traders opt to wait for the crucial US employment details before placing fresh directional bets. The popularly known US Nonfarm Payrolls (NFP) report is expected to show that the economy added only 90K jobs in September, compared to […]
by Currency Hedger
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- 2 days ago
Metals, Technical Analysis
Palladium Slides to 1-Year Low
Palladium futures fell to around $1,170 per ounce, reaching a one-year low as a stronger U.S. dollar and elevated Treasury yields increased pressure on the precious metal. Investors are awaiting U.S. payrolls data for further clues on the Federal Reserve’s interest-rate path, while the dollar climbed to a 17-month high and 10-year Treasury yields reached […]
by Currency Hedger
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- 2 days ago
Metals, Technical Analysis
Platinum: surplus returns after three years of deficit, and price falls below key support. Is there a chance for recovery?
Key takeaways Platinum is priced at $1,699 per ounce, although during the January rally it came very close to $3,000, surpassing previous historic highs. Platinum is currently losing over 3% week-on-week, 2.5% month-on-month, and 20.5% year-to-date, although on a twelve-month horizon it is still up about 8.5%. It is about 42% away from January’s record […]
by Currency Hedger
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- 3 days ago
Metals, Technical Analysis
Silver Price Forecast: XAG/USD holds above $61.00 amid easing Fed rate hike expectations
Silver price (XAG/USD) gains ground after posting losses the previous day, trading around $60.90 per troy ounce during Asian hours on Thursday. Non-yielding Silver receives support as Federal Reserve (Fed) rate hike expectations eased following softer-than-expected United States (US) inflation data released on Wednesday. The CME FedWatch Tool indicates that markets now price in roughly […]
by Currency Hedger
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- 3 days ago
Market Analysis, Metals, Technical Analysis
Gold bulls seem hesitant as resilient US Dollar and yields cap upside
Gold (XAU/USD) attracts some dip-buyers near the $4,139 region during the Asian session on Thursday, stalling the previous day’s pullback from the $4,220 area, touched in reaction to softer-than-expected US inflation data. However, elevated US bond yields remain supportive of the prevailing strong bullish sentiment surrounding the US Dollar (USD) and should keep a lid […]
by Currency Hedger
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- 3 days ago
Market Analysis, Metals, Technical Analysis
Copper Prices Under Pressure as China Demand Signals Clash With Mine Supply Risks and Tariff Uncertainty
Copper futures are trading near $6.50 per pound, with prices under pressure as the market weighs conflicting signals from China against renewed concerns over global mine supply. China remains the dominant demand driver for industrial metals, and while improving manufacturing activity offers support, slower industrial-profit growth and reduced trading activity during the country’s extended holiday […]
by Currency Hedger
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- 3 days ago
Market Analysis, Metals, Technical Analysis
Platinum Prices Hold Near One-Month Lows as High Oil, Treasury Yields and Mixed Demand Weigh on Outlook
Platinum prices remain under pressure around $1,700 an ounce, with the precious-metals complex facing competing macroeconomic and fundamental forces. Higher crude oil prices and rising Treasury yields are weighing on non-yielding metals as markets assess the risk that persistent energy-driven inflation could keep monetary policy tighter for longer. At the same time, softer U.S. inflation […]
by Currency Hedger
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- 3 days ago