• Sat, Feb 28, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

16 January 2025 17:21  |

Silver Surges Near $31 as Traders Raise Dovish Fed Bets

Silver (XAG/USD) prices moved closer to $31.00 during the European session on Thursday. The white metal gained as traders raised bets in favor of the Federal Reserve (Fed) delivering more than one interest rate cut this year.

According to the CME FedWatch tool, traders are pricing in two rate cuts this year, with the first coming in June, rather than September, as expected before December inflation data was released.

As measured by the Consumer Price Index (CPI), headline inflation rose to 2.9%, as expected; however, the core reading—which excludes volatile food and energy prices—surprisingly rose at a slower pace of 3.2%.

Source: FXStreet

Related News

SILVER

Silver (XAG) Daily Forecast: Strong Indian Demand and Dutie...

Silver prices rise above $31.00, fueled by robust Indian festive demand and a significant reduction in import duties from 15%...

24 September 2024 16:20
SILVER

Silver Drops Near $29.60 Despite Geopolitical Tensions

Silver (XAG/USD) prices fell near $29.60 in thin trading after the Christmas and Boxing Day holidays on Friday (12/27). The w...

27 December 2024 17:37
SILVER

Silver Drops Near $31.00 Post US Data Release

Silver (XAG/USD) prices extended its decline for the second session, trading around $30.90 per troy ounce during Asian hours ...

13 December 2024 13:32
SILVER

Silver holds above $30.00 on safe-haven demand

Silver (XAG/USD) prices continued its upward momentum, rising for the sixth straight day to trade near $30.10 per troy ounce,...

9 January 2025 13:09
BIAS23.com NM23 Ai