Why is silver rising despite higher inflation and rate hike odds?

Why is silver rising despite higher inflation and rate hike odds?

Silver price (XAG/USD) gains ground after two days of losses, trading around $64.00 per troy ounce during the Asian hours. The white metal rebounds from an 11-week low of $61.50 reached in earlier hours on Thursday, driven by a unique intersection of its dual nature as both a monetary safe-haven and a critical industrial commodity. […]

US Dollar rebounds after inflation data

US Dollar rebounds after inflation data

Here is what you need to know for Thursday, June 11: The US Dollar Index (DXY) trades with a firmer tone above 100.00 after May inflation data highlighted persistent price pressure in the United States (US). The headline Consumer Price Index (CPI) rose 4.2% YoY, accelerating from 3.8% previously, while it increased 0.5% on a […]