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Silver edges lower as Fed rate cut hopes fade, geopolitical tensions persist
Silver (XAG/USD) trades around $76.50 at the time of writing, down 0.70% on the day, with Silver starting the week on a weaker footing after failing to extend its recent rebound. The white metal is facing profit-taking as investors reassess US monetary policy prospects in light of the latest macroeconomic data. Recent figures from the United States (US) show that inflation, as measured by the Consumer Price Index (CPI), slowed in January. The headline index rose by 0.2% MoM, compared with 0.3% previously, while the annual rate eased to 2.4% from 2.7%. In theory, softer price pressures support the case for monetary ... (full story)
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