Silver edges lower as Fed hike bets weight ahead US CPI data

Silver edges lower as Fed hike bets weight ahead US CPI data

Silver (XAG/USD) trades slightly lower on Friday, hovering around $59.90 at the time of writing, down a modest 0.08% on the day. The white metal is struggling to extend its rebound as renewed tensions in the Middle East fuel concerns about persistent inflation, reinforcing expectations that the Federal Reserve (Fed) could raise interest rates. The […]

Monetary policy report cites “high inflation” due to tariffs

Monetary policy report cites “high inflation” due to tariffs

The Federal Reserve (Fed) released its monetary policy report on Friday , in which the US central bank acknowledged that inflation remains elevated and that the labor market is broadly stable, a signal that the price stability goal hasn’t been achieved. The report noted that inflation rose further in the spring, indicating that economic activity […]

British Pound holds firm as Trump ceasefire shock tests USD

British Pound holds firm as Trump ceasefire shock tests USD

The Pound Sterling (GBP) holds firm on Friday during the North American session as risk appetite deteriorated after US President Donald Trump posted on social media that the ceasefire with Iran is over, even though negotiations continue. At the time of writing, the GBP/USD pair trades at 1.3406, unchanged, after reaching an almost one-month high […]