Silver prices recovered from the previous session’s decline to $33 an ounce on Thursday, as trade and geopolitical uncertainties boosted demand for the safe-haven metals.
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Gold price today: Yellow metal declines after Fed cuts rates by 25 bps
Gold price today: Gold rates declined in the domestic futures market Friday morning on profit booking at higher levels after the US Fed cut rates by 25 bps on expected lines.
Spot Silver Update: Silver skyrockets as buyers eye $33.75 [21 October 2024]
Spot Silver (XAG/USD) Update: The RSI is indicating increasing bullish momentum, with key resistance kye seen at $33.75 and $35.00.
Rise in the prices of gold and silver
Gold edged higher to above $2,629 on Thursday, rebounding from the three-week low of $2,608 from the prior session as markets digested a batch of fresh economic data for insights on the Fed’s policy path in upcoming decisions.
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Spot Gold Holds Above $2,490
Spot Gold held steady above $2,490 per ounce on Wednesday, after retreating in previous sessions, as investors assessed new economic data and its impact on the Federal Reserve’s interest rate outlook.