Silver prices have been on the rise, with the XAG/USD trading at $30.19 per troy ounce, marking a 26.89% increase since the beginning of the year. This precious metal, often traded among investors, has historically been used as a store of value and a medium of exchange. Various factors can influence the price movements of
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Tropical Storm Alberto, the first named storm of the 2024 Atlantic hurricane season, has developed over the western Gulf of Mexico, according to the U.S. National Hurricane Center (NHC). The storm, located approximately 185 miles east of Tampico, Mexico, is characterized by maximum sustained winds of 40 mph. Potential Hazards and Risks The NHC has
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The European Commission recently proposed disciplinary steps against France and six other EU countries for running excessive budget deficits. These countries include Belgium, Italy, Hungary, Malta, Poland, and Slovakia. The deficits are primarily attributed to the lingering effects of the COVID-19 pandemic and the energy price crisis resulting from Russia’s invasion of Ukraine in 2022.
Silver prices were relatively stable on Wednesday, trading at $29.55 per troy ounce. This marks a 16.02% increase since the beginning of the year. The Gold/Silver ratio, which reflects the number of troy ounces of Silver needed to match the value of one troy ounce of Gold, was at 78.93 on Wednesday, indicating a slight
Fitch Ratings has adjusted its expectations regarding China’s policy rate for the upcoming years due to external and domestic factors. The agency no longer anticipates a rate cut in 2023 and has postponed it to 2024, citing the U.S. Federal Reserve’s decision to maintain high interest rates as a key influencer. Jeremy Zook, Fitch Ratings’
AUD/USD has recently shown signs of a recovery wave after finding support near 0.6590. The pair experienced a break above a key bearish trend line with resistance at 0.6630. This movement indicates that the Aussie Dollar is now attempting to recover against the US Dollar. On the hourly chart of AUD/USD, there was a dip
The volatility of the US Dollar has come into focus recently due to lower-than-anticipated Retail Sales figures and dovish bets on the Fed. Market participants are closely monitoring comments from Federal Reserve officials in order to gauge the future direction of interest rate policy and its impact on the Greenback. The slower-than-expected growth in Retail
When it comes to financial decisions, it is crucial to remember that the information provided on websites, including news, analysis, and opinions, is for educational and research purposes only. It should not be seen as direct advice or a recommendation to take any specific actions. Each individual must conduct their due diligence, exercise discretion, and
In May, production at U.S. factories increased by more than expected, showing a 0.9% jump following a 0.4% drop in April. This rebound was better than the predicted 0.3% increase, which came as a surprise to economists. However, the sustainability of this momentum is questionable due to higher interest rates and weakening demand for goods
Sen. Elizabeth Warren has made serious allegations against the Federal Reserve Chair, Jerome Powell, claiming that he is caving to the demands of the financial industry. Warren’s concerns stem from Powell’s willingness to entertain changes to the Basel III Endgame regulations, which are designed to bolster the capital requirements for major American banks. In a