FX Empire on Nostr: nostr:note1hqqyd87hl9z5v9g38ex5zaz29uhydw7zhx80snr5xdaam5ppq0eqhs5hph

quoting note1hqq…5hph

Silver Prices React to Fed Rate Cut Speculation, Strong US Employment Data, CPI Numbers, Political Concerns in Europe, a Firm Dollar, Mixed Fed Signals, and a Downward Trendline
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#b5cae3b0 ver:0.63

Silver prices rebound from three-week low as market sentiment shifts due to speculation of potential Federal Reserve rate cut, strong US employment data, and political concerns in Europe. US Dollar Index rises, putting pressure on non-yielding assets like silver. Traders advised to consider buying on dips around $30.50 with target price of $32.50. Strong employment data contributes to rebound in silver prices. Fed expected to leave borrowing costs unchanged but chance of rate cut in September increases. Political concerns in Europe lead to risk aversion and bearish tilt in commodities. Mixed Fed signals and firm dollar affect silver prices. Weaker dollar and potential rate cuts could support silver prices....

#newstr #Silver #Xag/usd #UsDollar #FederalReserve #EconomicData #SafehavenDemand #PreciousMetals #DownwardTrendline

https://here.news/story/b5cae3b0?ver=0.63