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Silver Price Analysis: XAG/USD Climbs More Than 0.50%, Eyes $30.00
Silver climbed during the North American session, gaining more than 0.60% amid thin trading liquidity conditions.
Dollar Index to Trade in Range – OCBC
USD traded modestly softer as US retail sales disappointed. Fed speakers are hesitant to define the date for the next rate cut, OCBC FX Strategist Christopher Wong notes.
Silver Price Forecast: XAG/USD Stays Firm Above $29 Amid Firm Fed Rate-cut Hopes
Silver price (XAG/USD) gains ground above the crucial support of $29.00 in Wednesday’s New York session.
Gold (XAU/USD) & Silver (XAG/USD) - Latest Retail Sentiment Analysis
Silver Price Forecast: XAG/USD Manages Firm Footing Above $29 as Fed Early Rate-cut Bets Surge
Silver price holds the $29.00 support as investors see the Fed returning to policy-normalization from September.
Federal Reserve officials emphasize the need for more evidence of cooling inflation and remain cautious about the timing of a rate cut.
Zhixun Finance and Economics app learned that on Tuesday, Federal Reserve officials unanimously emphasized the need for more evidence of inflation cooling before interest rate cuts. Several officials also provided insight into the timing of interest rate cuts. Adriana Kugler, a member of the Federal Reserve Board of Directors, said that if the economic situation develops as she expects, it may be appropriate for the Federal Reserve to cut interest rates "later this year." Alberto Musalem, President of the St. Louis Federal Reserve, stated in his first important policy speech that it may take "several quarters" of economic data to support a rate cut. New York Federal Reserve President Williams (Joh