"Silver prices fell more than 2% on Tuesday, deepening recent losses and reversing all gains recorded earlier this month. After peaking near USD 54 per ounce, the metal now trades below USD 46, setting up for its first monthly decline in six months if current conditions persist. Improving sentiment around US-China trade talks affected safe-haven assets. Markets are increasingly optimistic ahead of Thursday's meeting between Presidents Trump and Xi, following a weekend of productive negotiations where both sides reached consensus on several contentious issues."
"Markets are increasingly optimistic ahead of Thursday's meeting between Presidents Trump and Xi, following a weekend of productive negotiations where both sides reached consensus on several contentious issues. These developments lifted investor sentiment and fuelled a rotation toward riskier assets. Meanwhile, investors anticipate a Federal Reserve rate cut this week after soft inflation data reinforced easing expectations. Lower rates could weigh on US treasury yields and provide temporary relief to the recent decline in non-yielding assets like silver and gold."
Silver prices fell more than 2%, deepening recent losses and erasing gains recorded earlier this month. The metal peaked near USD 54 per ounce and now trades below USD 46, risking its first monthly decline in six months if current conditions persist. Improving sentiment around US-China trade talks reduced demand for safe-haven assets. Optimism ahead of a meeting between Presidents Trump and Xi followed a weekend of productive negotiations with consensus on several contentious issues, lifting investor sentiment and prompting a shift toward riskier assets. Anticipation of a Federal Reserve rate cut after soft inflation data could lower Treasury yields and temporarily support non-yielding metals like silver and gold.
Read at London Business News | Londonlovesbusiness.com
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