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Silver Price Forecast: XAG/USD struggles to extend upside above $66.25, NFP data awaited
Silver price (XAG/USD) struggles to extend Wednesday’s strong recovery move above $66.25 during the European trading session on Thursday. The white metal could remain sideways as investors await the United States (US) Nonfarm Payrolls (NFP) data for August, which will be released on Friday.
Gold extends gains above $4,400 as sliding bond yields and soft USD counter Fed hike bets
Gold (XAU/USD) is seen building on the previous day's goodish recovery from the $4,282 area, or a nearly four-week low, and gaining some follow-through positive traction for the second straight day on Thursday.Fxstreet
Thu, Sep 3
Silver Price Forecast: XAG/USD extends gains as US Dollar falls further, NFP comes into focus
Silver price (XAG/USD) extends its Wednesday recovery move on Thursday, trading 0.67% higher at around $65.70 during the European trading session. The white metal strengthens as the US Dollar (USD) declines further due to moderate job demand in the United States (US) private sector.
Fxstreet
Thu, Sep 3
WTI holds gains above $89.50 amid renewed Middle East hostilities
West Texas Intermediate (WTI) oil price rebounds after registering losses in the previous day, trading around $89.60 during the Asian hours on Thursday. Crude oil prices advance as investors assessed renewed hostilities in the Middle East alongside efforts to reopen the Strait of Hormuz.Gold rebounds above $4,350 as US Dollar, Treasury yields slip
Gold price (XAU/USD) rebounds from a nearly one-month low to around $4,385 during the early Asian session on Thursday. The precious metal edges higher as the US Dollar (USD) and Treasury yields retreat from recent highs.Fxstreet
Wed, Sep 2
Gold rises as speculation of Yen intervention weighs on the US Dollar
Gold (XAU/USD) price rises over 1% on Wednesday as the Greenback softens amid speculation of an intervention to bolster the Japanese Yen (JPY), while US Treasury yields hold firm after weak US jobs data. At the time of writing, the XAU/USD pair trades at $4,373.Fxstreet
Wed, Sep 2
Gold Price Forecast: XAU/USD tests $4,300 amid Fed tightening hopes, geopolitical tensions
Gold (XAU/USD) maintains its bearish trend on Wednesday, as higher geopolitical tensions and growing bets of a Federal Reserve (Fed) rate hike in September boost speculative support to the US Dollar.Fxstreet
Wed, Sep 2
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