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Indonesia News Portal for Traders | Financial & Business Updates

2 November 2024 00:26  |

Silver was trading near $32.6 USD

Silver was trading near 32.6USD/troy on Friday, close to 2-week low as investors continued to assess Fed policy outlook and demand for safety ahead of the upcoming US elections.The ISM manufacturing PMI fell more than expected but mostly becouse the price pressures intensifed. Earlier, the labout data showed US jobs creation slowed much more than anticipated but mostly due to strikes and distortions related to hurricanes. Still, silver prices are expected to finish the week at least 3% lower as economic data from Eurozone, combined with the UK’s new government budget reeinforced the view of less dowish central banks. Meanwhile, republican candidate Donald Trump and Democratic Vice President Kamala Harris are closely matched in several polls, yet some investors are making trades in anticipation of a Trump victo. (Cay)

Source: Trading Economi

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