Metals
Metals, Technical Analysis
Platinum Rises as Softer US Jobs Data Support Precious Metals
Platinum futures are trading back above $1,700 an ounce, recovering from recent multi-week lows as softer US employment data reduces expectations for another Federal Reserve rate hike this month. The weaker labour-market picture has eased some pressure from higher interest rates and lowered the opportunity cost of holding non-yielding precious metals. However, the recovery remains […]
by Currency Hedger
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- 1 month ago
Metals
XAG/USD gains near $61.00 as Fed rate hike odds decline
Silver price (XAG/USD) gains ground after registering losses in the previous day, trading around $61.00 per troy ounce during Asian hours on Friday. Non-yielding Silver gains support as softer-than-expected US employment figures reduced expectations for further interest rate hikes by the Federal Reserve (Fed). Financial markets now price in nearly a 77.9% chance that the […]
by Currency Hedger
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- 1 month ago
Market Analysis, Metals, Technical Analysis
Gold holds gains above $4,150 as traders trim bets on Fed rate hikes
Gold price (XAU/USD) gains momentum to near $4,160 during the early Asian trading hours on Monday. The precious metal rebounds as weaker-than-expected US Nonfarm Payrolls (NFP) data weigh on the US Dollar (USD). Traders trim bets on US Federal Reserve (Fed) rate hikes after jobs data. US NFP rose by 29K in September, according to […]
by Currency Hedger
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- 1 month ago
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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- 1 month 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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- 1 month 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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- 1 month 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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- 1 month 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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- 1 month 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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- 2 months 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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- 2 months ago