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Silver Prices Forecast: Will US PCE Inflation Report Boost or Lower Prices?
Silver prices experienced a tumultuous week, driven by the Federal Reserve’s hawkish meeting minutes. The minutes indicated a cautious approach towards interest rate cuts, emphasizing the need for sustained positive inflation data before considering any easing. Fed officials, including Fed Governor Christopher Waller and Fed Chair Jerome Powell, stressed the importance of patience in achieving the Fed’s 2% inflation target. Last week, XAG/USD settled at $30.36, down $1.14 or -3.61%. Robust U.S. economic indicators compounded the hawkish tone from the Fed. Recent business activity data showed the highest level of ... (full story)