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Silver Soars to Record Highs as Weak US Data Pressures Dollar
Global markets opened with a constructive tone for precious metals as weak US economic data fueled expectations that the Federal Reserve may lean toward a more accommodative policy path. Silver surged to fresh record highs near $66, outperforming across the metals complex, while the US Dollar struggled to regain momentum, keeping the DXY capped near the 98.30 area. In currency markets, the Euro held firm ahead of final Eurozone CPI figures, while the Australian and New Zealand Dollars remained under pressure despite a relatively hawkish RBA backdrop and supportive RBNZ-Fed policy divergence. Overall, the session ... (full story)
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