Silver Price Forecast: XAG/USD Slides Over 4% as Warsh Sparks Fresh Fed Rate-Hike Fears
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5 Articles
Federal Reserve Chair Kevin Warsh hinted at the possibility of an interest rate hike, expressing concerns about inflation. This move conflicts with President Trump's calls for rate cuts, heightening tensions over the direction of U.S. monetary policy ahead of the November midterm elections. The market is closely watching the Fed's future decisions, increasing the likelihood of a rate hike.
ASX set to fall as US rate hike bets rise
US stocks finished lower on Friday after Federal Reserve Chairman Kevin Warsh struck a hawkish tone on inflation at the central bank’s annual Jackson Hole symposium.The S&P 500 fell 0.25% to 7,711.76, while the Nasdaq Composite declined 0.52% to 26,402.42 as semiconductor stocks came under pressure. The Dow Jones Industrial Average was little changed, slipping
The bond market responded to the hawkish Fed signal with a month-long sideways movement in two-year yields, which saw a sharp rise. As the dollar strengthened and yields rose, gold and silver fell by more than 3%.
Silver Price Forecast: XAG/USD Slides Over 4% as Warsh Sparks Fresh Fed Rate-Hike Fears
Silver prices came under heavy pressure at the end of the week as renewed expectations of tighter US monetary policy pushed Treasury yields and the US dollar higher, weighing on precious metals. Spot silver closed at around $62.49 an ounce, down $2.72 or 4.17%, recording a sharper decline than gold during the same session. The post Silver Price Forecast: XAG/USD Slides Over 4% as Warsh Sparks Fresh Fed Rate-Hike Fears appeared first on tennews.i…
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