Silver rises 2.3% to surpass $59 amid falling oil prices
Silver climbs 2.27% to $59.45 driven by falling oil prices and a weak dollar, as the market awaits the Fed's decision.
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The Fed meets with Warsh at the helm. Investors expect rates to remain unchanged, but a third foresee a hike due to inflation.
Silver climbs 2.27% to $59.45 driven by falling oil prices and a weak dollar, as the market awaits the Fed's decision.
The Fed maintains rates at 3.50%-3.75% amid improved inflation at 3.5% and unemployment at 4.2%, though Middle East conflict and oil prices keep alert.
Gold drops 0.2% to $4,037 per ounce due to expensive oil and fears of a Fed rate hike in September.
The Fed will keep rates at 3.50%-3.75% due to persistent inflation and solid employment, according to analyst consensus.
The USD/VND exchange rate has only depreciated by 0.1% in 2026, thanks to FDI and central bank management.
Analyst Juan Ignacio Crespo warns that liquidity in the markets has disappeared, with the Fed injecting $35 billion daily and reverse repo at lows.
Beth Hammack, president of the Cleveland Fed, calls for rate hikes amid a core inflation of 3.3% and a fully employed labour market.
Bitcoin options bets surge for it to hit $72,000 by month-end, coinciding with the Fed meeting.
The Mexican Stock Exchange advances 1.53% to 54,226.93 points, driven by Wall Street and US employment data.
Gold falls 5.95% in July to $4,022, weighed down by fears of Fed rate hikes due to oil inflation, despite the escalating conflict between the US and Iran.
The yield on the US 10-year bond rises to 4.581% after stable retail sales and a drop in unemployment claims to 208,000.