Silver plunges as geopolitical risks fade and Fed policy weighs
On Friday, Silver (XAG/USD) is trading near $89.70, marking a 2.50% daily decline and continuing the correction from its recent…
Tag: Commodities
USD/CAD slips towards 1.3700 amid Fed rate cut expectations and higher oil prices
USD/CAD is paring gains from the previous session, trading around 1.3710 during Asian hours on Friday. The pair is depreciating…
Copper Market Receives Positive Supply Updates, According to Commerzbank
Thu Lan Nguyen, Commerzbank’s Head of FX and Commodity Research, noted that the Copper price only briefly surpassed the $11,000…
Silver Price Approaching All-Time Highs Again, According to Commerzbank
Commerzbank commodity analyst Carsten Fritsch observed that yesterday, the price of Silver nearly re-approached its record high of $54.5 per…
Despite Oversupply Concerns, WTI Rebounds Due to Russian Depot Strike and US Sanctions
West Texas Intermediate (WTI) US Oil was trading around $59.50 on Friday, marking a 1.60% daily increase after touching a…
Gold Prices Stable Amid Fed Rate-Cut Hopes and Eased U.S. Shutdown Concerns
Gold extended Monday’s strong rally into Tuesday as dovish expectations for the Federal Reserve continued to support bullion. At writing,…