Markets Brace for Powell’s Speech: Gold and Silver Slip, Oil Rallies, Currencies Hold Steady
From monetamarkets.com
Global markets are treading carefully as investors turn their focus to Federal Reserve Chair Jerome Powell’s upcoming speech. Precious metals like gold and silver slipped as traders adjusted positions ahead of any potential policy signals. Oil prices, on the other hand, continued to rally, supported by supply concerns and renewed optimism over global demand. Major currencies remained steady, reflecting the market’s cautious stance. Powell’s remarks are expected to provide fresh insight into the Fed’s outlook on inflation, interest rates, and overall monetary policy direction. With economic data still showing mixed ...
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