Silver Price Forecast: XAG/USD rallies above $22.00 on falling US bond yields, ahead of US NFP By christianborjon Silver XAGUSD Commodities Metals
A risk-on market mood weighed on US Treasury yields and the US Dollar, lifting precious metals. is surging to fresh weekly highs above $22.00 amidst an upbeat market sentiment that weighed on the safe-haven US Dollar, also undermined by US Treasury yields, particularly the 10-year benchmark note rate, almost flat at 2.911%. At the time of writing, XAG/USD is trading at 22.38.registering gains, while Asian stocks are set for a higher open.
Additionally to the abovementioned, the conflict between Ukraine-Russia, which has lasted for three months, has begun to weigh on food and commodity prices. Elsewhere, the Fed speakers parade continued. Cleveland’s Fed President Loretta Mester said that she supports 50 bps increases in the next couple of meetings and added that the Fed is well-positioned to consider the appropriate pace for further rate hikes.need to go, and a pause on the tightening cycle would depend on data.
Earlier on Thursday, the Fed’s Vice-Chair Lael Brainard said that the central bank is getting mixed signals on the economy and that the number one challenge is bringing inflation down. When asked about aIn the meantime,
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Dollar Index plunges to near 101.70 as investors await US NFP, risk-on sentiment buzzThe US dollar index (DXY) surrendered its entire gains recorded on Wednesday as investors were expecting an aggressive stance on the monetary policy a
Read more »
Silver Alert issued for missing 82-year-old last seen in San Fernando ValleyBREAKING NEWS: The California Highway Patrol has issued a Silver Alert Wednesday for a missing at-risk 82-year-old man last seen in the San Fernando Valley.
Read more »
The US has fallen way behind on climate goalsTwo new analyses put the US on blast.
Read more »
U.S. Home Price Inflation Accelerates for Fourth Straight Month to New Record PaceHome prices continued to stampede upward in March, picking up pace for the fourth straight month, a popular barometer of the housing market showed Tuesday.
Read more »
Ex-Glee star fired from US show after texts left contestant 'uncomfortable'Matthew Morrison suddenly left So You Think You Can Dance last week and now reports suggest he was fired due to sending inappropriate messages to a contestant
Read more »
U.S. providing new longer range missile systems to UkraineThe longer range missile systems are part of an estimated new $700 million U.S. security defense package.
Read more »