Will US CPI Data Trigger Silver Selloff? Wednesday’s Consumer Price Index report looms large for precious metals, with markets pricing roughly 50 basis points of Fed cuts by year-end. Gold’s technical picture offers key insights for silver traders, as XAU/USD defends crucial support above $3,310.48 while the dollar index holds steady below 99.00. A hotter-than-expected
For the first time in five months, gold-backed ETFs globally reported modest outflows in May as investors took profits. After charting the largest inflows of gold since August 2022 in April, gold-backed ETFs globally reported modest outflows of 19 tonnes totaling $1.8 billion last month. A combination of gold outflows and a moderating gold price
Gold price reverses previous bounce and retests $3,300, watching US-China trade talks. The US Dollar picks up strong bids early Tuesday amid USD/JPY rebound, trade optimism. Gold buyers stay hopeful until the 21-day SMA and RSI midline hold fort. Gold price is back to testing the $3,300 threshold early Tuesday amid resurgent US Dollar (USD)
Silver prices hit fresh 13-year highs on Monday, inching toward $37/oz. US Dollar weakness combined with rate cut and trade deal hopes are bolstering XAG/USD bids. Industrial demand for Silver is climbing steadily, but overall demand remains weak. XAG/USD hit another 13-year high to kick off the new trading week, testing above $36.80 per ounce
Technically, momentum is pointing lower with the 200-day moving average the next target at $3.560. This is followed by a pair of main bottoms at $3.437 and $3.381. On the upside, gains are being capped by three tops at $3.791, $3.832 and $3.859. The most important resistance is the 50-day moving average at $3.900. Is
Silver price advances as safe-haven demand increases due to fears surrounding the global economic uncertainties. Citigroup expects that the Fed will implement 25 basis point rate cuts in September, October, and December. Trump Administration officials are set to meet with Chinese counterparts in London on Monday. Silver price (XAG/USD) extends its winning streak for the
With industrial demand reviving and Fed policy uncertainty easing, silver’s breach of its two-month range at $33.77 clears the path for a push through $36.65 and ultimately $40.00. Technical outlook Breakout confirmation: After two months of sideways trading between $32.12 and $33.77, June saw silver decisively clear the $33.77 cap. Today it sits just above
Gold price extends losing streak into early Monday, awaits US-China trade talks. The US Dollar reverses Nonfarm Payrolls-led gains, bracing for May CPI inflation. Gold price turns south after facing rejection at the key daily resistance at $3,377. Gold buyers stay hopeful until the 21-day SMA and RSI midline are defended. Gold price is battling
Gold failed to stabilize above $3,400 following a bullish start to the week. May inflation data from the US and trade headlines could continue to drive XAU/USD action. The technical outlook fails to provide a direction clue in the near term. Gold (XAU/USD) started the week on a strong footing but failed to gather further
Gold prices rose in Philippines on Friday, according to data compiled by FXStreet. The price for Gold stood at 6,040.25 Philippine Pesos (PHP) per gram, up compared with the PHP 6,003.38 it cost on Thursday. The price for Gold increased to PHP 70,452.27 per tola from PHP 70,022.25 per tola a day earlier. Unit measure