Global Market Movers: Comex Silver price holds retreat below $28.00 amid geopolitical tensions... dari hagijeee

13 Apr 2024, 00:08 · Views 156

Comex Silver price holds correction below $28.00 despite the retreat in the US Dollar on Thursday.
Precious metals’ traders overlook the US inflation report that came in hotter than expected.
Data overnight showed higher US inflation in March, decimating the chance of a rate cut in June. Core CPI advanced 0.4%, above forecasts of a 0.3% rise.
Fed Funds Futures market pushed expectations for the first rate cut from June to September, according to the CME FedWatch Tool.
Rising industrial demand and escalating geopolitical tensions in the Middle East boost the Silver price.
Israel and Hamas rejected ceasefire talks and Iran vowed retaliation for an airstrike on its embassy in Syria.

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