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Metals
Metals, Technical Analysis
XAG/USD holds losses near $66.00 due to Fed rate hike bets
Silver price (XAG/USD) inches higher after opening at a bearish gap, remaining in negative territory and trading around $66.10 per troy ounce during Asian hours on Monday. Silver prices remain under pressure as stronger-than-expected United States (US) employment data fuels expectations of an imminent Federal Reserve interest rate hike. According to the US Bureau of Labor Statistics, August Nonfarm […]
by Currency Hedger
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- 7 days ago
Metals, Technical Analysis
XAU/USD falls below $4,400 as strong US jobs data raise the prospects for Fed rate hike
Gold price (XAU/USD) tumbles to near $4,395 during the early Asian session on Monday. The precious metal extends the decline as robust US employment data boost US Federal Reserve (Fed) rate hike bets. The US Nonfarm Payrolls (NFP) climbed by 162K in August, the US Bureau of Labor Statistics (BLS) revealed on Friday. This figure followed July’s […]
by Currency Hedger
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- 7 days ago
Metals, Technical Analysis
Gold drops sharply following strong NFP
Highest employment growth since March renews expectations for a Fed rate hike in September The price of gold dropped by about $80 per ounce to levels below $4,400 per ounce in the initial reaction following strong NFP data. The better-than-expected reading triggered an immediate strengthening of the US dollar and a rise in US Treasury […]
by Currency Hedger
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- 1 week ago
Metals
Iron Ore Set for Second Weekly Gain
Iron ore futures climbed toward CNY 730 per ton and were on track for a second consecutive weekly gain, supported by elevated ocean freight costs and expectations of pre-holiday restocking in top buyer China. Poor weather in the Pacific, higher oil prices, and increased transshipment volumes from Guinea have pushed up freight costs, providing support […]
by Currency Hedger
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- 1 week ago
Metals, Technical Analysis
XAU/USD consolidates below $4,500 as bulls look to US NFP for Fed rate cues
Gold (XAU/USD) struggles to capitalize on its strong gains registered over the past two days and consolidates below the $4,500 mark during the Asian session on Friday. The commodity, however, remains close to the weekly high, which it touched the previous day, as traders keenly await the release of the closely watched US monthly employment details. […]
by Currency Hedger
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- 1 week ago
Metals, Technical Analysis
XAG/USD trades below $67.00 amid mixed setup as US NFP looms
Silver (XAG/USD) edges lower during the Asian session on Friday, snapping a two-day winning streak to the weekly high set the previous day. The white metal, however, lacks bearish conviction and currently trades below the $67.00 mark, down 0.30% for the day, as traders await the release of the closely watched US Nonfarm Payrolls (NFP) report. […]
by Currency Hedger
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- 1 week ago
Metals
Platinum Trades Above $1,800
Platinum futures traded above $1,800 an ounce after climbing from a two-week low, as a weaker US dollar boosted demand for precious metals. The rally followed dovish comments from Federal Reserve Governor Christopher Waller, who said he would favor keeping interest rates unchanged if inflation continues to ease, prompting investors to scale back bets on […]
by Currency Hedger
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- 1 week ago
Metals
Copper Holds Gains as Supply Risks Persist
Copper futures traded around $6.57 per pound on Friday, holding recent gains as ongoing supply-side challenges continued to support prices. Analysts highlighted a recent export ban from Congo, along with weaker output from major producers Chile and Peru and disruptions linked to El-Nino. Chile’s copper production fell 9.4% year-on-year in July due to severe weather […]
by Currency Hedger
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- 1 week ago
Metals, Technical Analysis
Gold Price – XAU/USD recovery, likely to be challenged around $4,470
Gold (XAU/USD) is trading higher on Thursday, returning to levels above $4.400 after bouncing from three-week lows near $4,280 on Wednesday. The precious metal is drawing support from a weaker USD, as ADP employment data disappointed and New York Federal Reserve (Fed) President John Williams tamed rate hike expectations, but Fed tightening bets remain solid, and […]
by Currency Hedger
- 0 Comments
- 1 week ago
Metals, Technical Analysis
XAG/USD struggles to extend upside above $66.25, NFP data awaited
Silver price (XAG/USD) struggles to extend Wednesday’s strong recovery move above $66.25 during the European trading session on Thursday. The white metal could remain sideways as investors await the United States (US) Nonfarm Payrolls (NFP) data for August, which will be released on Friday. US jobs rebound seen keeping Fed on hold despite hawkish risks According […]
by Currency Hedger
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- 2 weeks ago