• Sun, Mar 1, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--
 TOP NEWS

Indonesia News Portal for Traders | Financial & Business Updates

8 August 2025 11:22  |

Silver Prices Rise Supported by Fed Rate Cut Expectations

Silver prices (XAG/USD) continued their rise for the second consecutive day, trading around $38.20 per troy ounce in the Asian session Friday morning. Non-yielding silver attracted buying interest as the chances of the Federal Reserve (Fed) cutting interest rates in September increased.

According to data from CME FedWatch, the market now predicts a 93% probability that the Fed will cut interest rates by 25 basis points at its September meeting, a significant increase from 48% last week. This expectation also includes the potential for an additional rate cut in December.

The increased likelihood of a rate cut was fueled by rising US initial jobless claims data, indicating a slowing labor market. The July Nonfarm Payrolls (NFP) report had previously shown signs of cooling in the US employment sector.

The latest data showed that US initial jobless claims rose to 226,000 for the week ending August 2, exceeding the market forecast of 221,000 and higher than the previous week's 218,000.

Source: Newsmaker.id

Related News

SILVER

After Slipping, Silver Regains Light at $36

Silver (XAG/USD) prices pared intraday losses, trading around $36.10 per troy ounce during Asian hours on Tuesday (06/24). Pr...

24 June 2025 10:24
SILVER

Conflict Escalates, But Silver Weakens Why?

Silver (XAG/USD) prices moved down to around $36.20 during Asian trading hours on Monday. The recovery in the greenback weigh...

16 June 2025 11:14
SILVER

Dollar Drops to Fresh Low of Year as Tariff Saga Continues

The dollar fell for a fifth day as traders shrugged off a suspension of certain electronics tariffs and after President Donal...

14 April 2025 12:14
SILVER

Markets in an uproar! Silver Rises Sharply, Physical Stocks...

Silver prices continue to surge and are now trading near their highest level in 14 years. This increase is driven by investor...

14 July 2025 15:11
BIAS23.com NM23 Ai