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Silver Price Analysis: XAG/USD tumbles and remains bearish below $29.00
Silver price fell on Wednesday as market participants awaited the release of the Fed’s preferred inflation gauge, the core Personal Consumption Expenditure (PCE) Price Index, after releases from major countries hinted at a reacceleration of inflation.
Fxstreet
Jun 26, 2024
Precious metals stall amid USD strengthening – TDS
Precious metals are losing a bit of steam amid a strengthening US Dollar (USD), TDS Senior Commodity Strategist Ryan McKay notes Economic data to influence appetite for Gold “Looking forward, traders are watching the data like hawks and a host of economic data this week could influence the macro cohort's appetite for Gold (XAU/USD).” “The PCE data will be top of mind after the below consensus CPI and PPI data, and we look for the core segment to advance at its softest monthly pace of the year at 0.13%.
Fxstreet
Jun 26, 2024
Industrial metals fail to generate material gains – TDS
As news and speculation continue to swirl about potential domestic consumer-based stimulus being announced at China's third plenum in July, industrial metal prices have failed to generate any material gains, TDS Senior Commodity Strategist Ryan McKay notes.
Fxstreet
Jun 26, 2024
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