Silver Price Analysis: XAG/USD trading comfortably above $23.00, within recent ranges pre-FOMC minutes By Frank_Macro XAGUSD Silver
Silver is trading with modest gains ahead of the release of what are expected to be hawkish leaning FOMC minutes.Silver’s resilience in the face of higher real yields has been surprising, but may not last. prices are trading with modest gains in the run-up to the release of what is widely expected to be hawkish leaning FOMC minutes release at 1900GMT. Prices are currently trading just above the $23.00 level, up about 0.4% or about 8 cents on the day and slightly above the midpoint of the $22.
That raises the chance that the Fed’s inflation forecasts for 2.6% in 2022 and then closer to 2.0% in the subsequent years may prove correct. 10-year yields at current levels just abov 1.65%, though sharply up on the week , suggest that bond markets see the Fed’s rate projections as overly optimistic.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Gold Price Forecast: Bulls hold the grip ahead of FOMC MinutesGold prices surged for a second consecutive day, with the bright metal topping at $1,829.59 a troy ounce as a better market’s mood played against the
Lire la suite »
AUD/USD rises further to the 0.7270 area ahead of FOMC minutesThe AUD/USD pair gained momentum during the American session and climbed to 0.7268, reaching the highest level since Monday’s Asian session. It remain
Lire la suite »
NZD/USD struggles for direction, stuck in a range around 0.6800 ahead of FOMC minutesNZD/USD struggles for direction, stuck in a range around 0.6800 ahead of FOMC minutes By HareshMenghani NZDUSD RiskAppetite Bonds Fed Currencies
Lire la suite »
EUR/USD rebound pokes 1.1300 on softer yields ahead of US ADP, FOMC MinutesEUR/USD struggles to defend the bounce off two-week low, retreating to 1.1290 ahead of Wednesday’s European session. A disparity between the US and Ge
Lire la suite »
Silver Price Analysis: XAG/USD jumped back above $23.00 despite surging US real yields, dead-cat bounce?Despite a continued sharp rise in US real yields that would typically be a negative for precious metals given the increased opportunity cost associate
Lire la suite »
Silver Price Analysis: XAG/USD stays mildly offered near $23.00 inside weekly triangleSilver Price Analysis: XAG/USD stays mildly offered near $23.00 inside weekly triangle By anilpanchal7 Silver Commodities Technical Analysis Chartism SupportResistance
Lire la suite »