Commodities News

Spot Silver scales 2-month peak as Fed delivers 50bps cut

Spot Silver traded near a fresh two-month high of $31.24 per troy ounce on Thursday, while the US Dollar retreated, after the Federal Reserve began its monetary easing cycle with an out-sized rate cut, the first reduction in borrowing costs since March 2020. The Fed reduced the target range for the federal funds rate by […] Read more

Spot Gold scales record high on rising bets of 50bps Fed cut

Spot Gold extended gains, while recording a fresh all-time high of $2,589.71 per troy ounce on Monday, as investors largely expected a super-sized interest rate cut by the Federal Reserve this week. The US Dollar along with US Treasury yields extended their decline. Markets are now pricing in about a 59% chance of a 50 […] Read more

Spot Gold trades near $2,500 with focus on US CPI report

Spot Gold was little changed just above the $2,500 per troy ounce mark on Tuesday ahead of the essential US CPI inflation data that could provide further clues over the size of the potential interest rate cut by the Federal Reserve this month. Annual headline consumer inflation in the United States probably eased to 2.6% […] Read more

Spot Gold off record highs on smaller Sep rate cut bets

Spot Gold pulled back from levels close to record high on Monday due to a firmer US Dollar and higher Treasury yields, as market players trimmed bets on aggressive monetary easing by the Federal Reserve. Since the closely watched US PCE inflation has held stable in July, this reduced the need for a substantial Fed […] Read more

Spot Gold trades near record high on Sep rate cut bets

Spot Gold held in proximity to record highs on Monday, while the US Dollar plummeted to a fresh 13-month low, after Federal Reserve Chair Jerome Powell cemented market expectations of a rate cut in September. In a speech at the Jackson Hole symposium last week, the Fed Chair signaled the central bank was ready to […] Read more

Spot Silver retreats as Dollar firms ahead of Powell speech

Spot Silver edged down on Thursday, while the US Dollar rebounded from a nearly 8-month low ahead of a speech by Federal Reserve Chair Jerome Powell at the Jackson Hole economic symposium that may provide more insight into potential interest rate cuts. Meanwhile, the minutes of the Federal Reserve’s July meeting signaled that monetary easing […] Read more

Spot Gold scales two-week peak as Fed rate cut bets rise

Spot Gold scaled a fresh two-week peak of $2,468.53 per troy ounce on Friday and looked set for its largest weekly gain since early April, as disappointing US macro data reinforced expectations of a rate cut by the Federal Reserve in September. Recent data showed that US manufacturing activity had shrunk at a faster rate […] Read more

Spot Silver scales 1-week peak as Fed hints at September cut

Spot Silver scaled a one-week peak of $29.159 per troy ounce on Thursday, after Federal Reserve Chair Jerome Powell said a rate cut in September could be on the table if the economy followed its expected path. The Federal Reserve left its federal funds rate target range without change at a 23-year high of 5.25%-5.50% […] Read more

Spot Gold set for weekly loss as investors await US PCE data

Spot Gold edged higher on Friday, but looked set for a weekly decline, as market players awaited the key US PCE inflation report that may provide further clues on the timing of the Federal Reserve’s first rate cut. Annual core PCE inflation probably eased to 2.5% in June, according to market consensus, from 2.6% in […] Read more

Spot Gold holds near 2-month highs on Fed rate cut optimism

Spot Gold edged higher on Tuesday, while holding near highs not seen since May 20th, as remarks by Federal Reserve Chair Jerome Powell reinforced the case for a rate cut in September. Yesterday the Fed Chair said that the three US inflation readings during the second quarter of 2024 “add somewhat to confidence” inflation is […] Read more