Commodities News

Silver flat as subsiding inflation bolsters Fed cut case

Spot Silver was little changed at the start of the week, as subsiding inflation in the US added to prospects that the Federal Reserve would deliver a rate cut later this year. Data showed last Friday that annual core PCE inflation had eased to 2.6% in May from 2.8% in April, while coming in line […] Read more

Spot Gold retreats as Fed flags one rate cut in 2024

Spot Gold retreated on Thursday after the Federal Reserve indicated just one interest rate cut this year, compared to three rate cuts projected in March, as inflation still remains elevated. The US central bank left its federal funds rate target range without change at a 23-year high of 5.25%-5.50% for the seventh straight policy meeting […] Read more

Silver rebounds after sharp loss as FOMC meeting, CPI eyed

Spot Silver rebounded over 1% on Monday after having recorded a sizable loss of 6.8% on Friday on the back of hot US employment data that bolstered the US Dollar. A much stronger-than-anticipated US Non-Farm Payrolls report cooled investor expectations of an early interest rate cut by the Federal Reserve this year. Employers in all […] Read more

Spot Gold eases as investors look for more Fed rate clues

Spot Gold was a notch weaker on Monday, with market focus setting on more macro data out of the US this week, including the key Non-Farm Payrolls report. The latest US PCE inflation figures still supported expectations that the Federal Reserve would likely cut interest rates later in 2024. Data showed last Friday that annual […] Read more

Spot Silver hits 11 1/2-year high as Fed rate cut bets lend support

Spot Silver scaled a fresh 11 1/2-year peak of $32.518 per troy ounce on Monday, as indications of easing inflation in the United States added to market expectations the Federal Reserve could reduce borrowing costs soon. Markets are now pricing in about a 65% chance of a Fed rate cut occurring by September, according to […] Read more

Spot Gold eases from 3-week high with US inflation in focus

Spot Gold retreated on Monday, as investor focus now sets on US producer price and consumer price inflation reports this week, which may provide more clues on the Federal Reserve’s interest rate trajectory. Annual headline consumer inflation in the United States probably slowed to 3.4% in April, according to market consensus, from 3.5% in March. […] Read more

Spot Silver retreats on easing Middle East fears

Spot Silver retreated more than 3% on Monday, as fears of a wider conflict in the Middle East eased, while trimming demand for safe haven assets. Iran has downplayed Israel’s retaliatory drone strike against the Islamic state – a move meant to avert conflict escalation in the region. The yield on 10-year US Treasury Notes […] Read more

Spot Gold trades near record high on Middle East tensions

Having registered a fresh all-time high of $2,431.29 per troy ounce last Friday, Spot Gold remained supported by safe haven buying as investors closely watched developments in the Middle East. “Gold remains in vogue as a financial asset given the combination of geopolitical risks and the prospects of Fed interest rate easing in the second […] Read more

Spot Silver scales fresh 34-month peak ahead of US CPI test

Spot Silver registered a fresh 34-month high of $28.088 on Monday, even after the latest blowout employment data out of the US prompted investors to pare expectations of a June interest rate cut. Data showed last Friday that US employers in all economic sectors excluding farming had added 303,000 jobs in March, or the most […] Read more

Spot Gold rises to new record as US PCE boosts June cut bets

Spot Gold rose to a fresh all-time high of $2,265.77 per oz. on Monday, after the latest US PCE inflation data reinforced expectations that the Federal Reserve would likely cut interest rates in June. Data showed last Friday that annual core PCE inflation had eased to 2.8% in February, or the lowest rate in almost […] Read more