Silver fell below $47 per ounce on Thursday after reaching an intraday high of $48.06. Despite the drop, prices have risen over 44% year-to-date, reflecting strong investor interest amid economic uncertainty. Volatility is driven by industrial demand, global economic indicators, and shifting market sentiment. Earlier this week, precious metals rallied as the government shutdown—the first…
Gold prices are poised for a seventh weekly gain, with the US government shutdown adding another layer of uncertainty for investors seeking clues about the Fed’s policy easing. After a five-day rally that pushed to a new record, profit-taking has stalled, but spot gold remains near $3,860/oz. The delay in the government payroll release has…
Oil prices stabilized after plunging nearly 7% this week. The market awaits the OPEC+ meeting later this week, which is expected to restore idled supply, heightening concerns about a global oversupply. Brent is trading below $66/barrel, and WTI is nearing $62. EIA data Wednesday showed US crude stockpiles rose for the first time in three…
Silver prices (XAG/USD) strengthened on Wednesday, holding above $47 per troy ounce—a 14-year high—as demand for safe-haven assets increased. Silver’s rally followed gold’s record high of US$3,895, driven by a weakening US dollar and increased caution due to the partial US government shutdown. The December silver contract briefly tested the US$47.8 area before stabilizing in…
Gold prices held steady around $3,859–$3,860/oz, just about $35 below Wednesday’s record, after a five-day rally. The onset of the US government shutdown and weak ADP data have led market participants to increase bets that the Fed will cut interest rates again this year. The shutdown risks creating a blackout for official data—including delayed non-farm…
Hong Kong’s stock market rebounded after a one-day hiatus. Signs of stabilization in the property sector and gains in technology stocks boosted positive sentiment. As of 9:55 a.m. local time, the Hang Seng Index rose 1.3% to 27,191.99, and Hang Seng Tech rose 2.2%. Tech stocks led the way: Kuaishou surged 8%, Baidu and Alibaba…
