[MARKET UPDATE] Further downside in precious metals with spot silver now down 2.5% and with spot gold lower by 1.1%
The decline in precious metals, with spot silver falling 2.5% and gold lower by 1.1%, suggests a shift in market sentiment, potentially driven by stronger dollar dynamics or changing interest rate expectations.
[MARKET ANALYSIS] T-note futures are uneventful following the US holiday closure, while JGBs climb despite a looming 5yr auction
[MARKET ANALYSIS] Oil futures are steady overnight ahead of US-Iran talks and US-Ukraine-Russia trilateral negotiations in Geneva
[MARKET UPDATE] Further downside in precious metals with spot silver now down 2.5% and with spot gold lower by 1.1%
Ukrainian long-range drones hit the Ilsky Oil Refinery in the Krasnodar Krai region of Russia and the refinery is on fire, according to Visegrad 24
[MARKET UPDATE] Mild pressure in metal prices with spot silver down 1.7% and with spot gold down 0.4% amid the absence of Asia buyers due to the Lunar New Year holiday
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This movement may reflect reduced demand as investors reallocate towards risk assets, indicating a broader trend that could impact inflation expectations and commodity-currency relations.
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