Silver Rebounds From Three-Week Low After US CPI Data
Silver erases its post-CPI drop to recover above $64.30 on Friday, rebounding from a three-week low of $62.94 as the US Dollar fades.
Silver erases its post-CPI drop to recover above $64.30 on Friday, rebounding from a three-week low of $62.94 as the US Dollar fades.
South Korea's Kospi rose 1.9% on broad chip-driven buying. Japan's Nikkei edged up 0.07% after yen strength and profit-taking created early volatility.
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UOB analysts see AUD/USD pulling back toward 0.7120 after briefly spiking to 0.7208, with the month-long uptrend now considered over.
EUR/CAD holds near 1.6170 after Germany's GfK Consumer Confidence beat forecasts. The Canadian Dollar weakens as oil prices decline amid Middle East diplomatic
Fed Chair Warsh makes his Jackson Hole debut as Nvidia earnings and US PCE inflation data threaten to overshadow any policy signals.
UK July CPI rose to 2.9% y/y, meeting expectations. Deutsche Bank sees further upside ahead, with risks skewed higher for the MPC.
Silver trades near $65 on Friday but lacks follow-through. A weaker USD supports the metal while technicals signal consolidation ahead.
Silver climbed 3.06% on Wednesday to $66.56 per troy ounce. The Gold/Silver ratio fell to 66.32 from 67.64 the previous session.
Analyst forecasts for the upcoming US NFP report show tight clustering around 70K–80K. Earnings data may matter more than headline jobs figures.
Gold finds support from Chinese ETF inflows and Fed uncertainty. Citi expects a return to $4,500 in Q4 after current consolidation.