XAG/USD drops as US Dollar strengthens

XAG/USD drops as US Dollar strengthens

Silver (XAG/USD) trades lower on Wednesday, hovering around $85.30 at the time of writing, down 2.12% on the day. The precious metal struggles to extend its recent gains as a rebound in the US Dollar (USD) and higher US Treasury yields weigh on demand for non-yielding assets. The US Dollar strengthens following the latest inflation […]

Gold holds above $5,200 as Middle East tensions and weak USD support

Gold holds above ,200 as Middle East tensions and weak USD support

Gold (XAU/USD) attracts buyers for the second consecutive day on Wednesday and climbs to the $5,223 area during the Asian session, back closer to a one-week high touched the previous day. The US Dollar (USD) struggles to capitalize on the overnight bounce from a one-week low amid expectations that Crude Oil prices are no longer […]

Consolidation holds with firm support – Scotiabank

Consolidation holds with firm support – Scotiabank

Scotiabank strategists Shaun Osborne and Eric Theoret highlight that the Canadian Dollar is modestly firmer against a softer Dollar, supported by narrower 1-year swap spreads and resilient risk appetite despite lower Oil. USD/CAD remains well above an estimated fair value near 1.3375, with analysts judging downside CAD risk limited and technicals pointing to firm support […]