Welcome to Extreme Investor Network!
As experts in the stock market, trading, and all things Wall Street, we are here to provide you with unique insights and valuable information that will help you make informed investing decisions. Today, we will be discussing the potential impact of the Federal Reserve’s rate cuts on the price of silver, as well as how global economic events are shaping the XAG/USD price movement.
Federal Reserve’s Potential Rate Cuts and Silver Price
One of the key factors influencing the silver price forecast is the possibility of the Federal Reserve cutting interest rates. The US 10-year Treasury bond yield has already fallen, indicating market expectations of a Fed rate cut. According to the CME FedWatch Tool, there is a 73% probability of a rate cut in September. This anticipation has put the XAG/USD price in focus for investors.
Global Economic Events and XAG/USD Price Movement
Global economic events are also playing a significant role in shaping the silver price forecast. For example, the People’s Bank of China’s decision to not buy silver in June, after purchasing in May, has impacted market sentiment. Looking ahead, upcoming US economic events such as Fed Chairman Jerome Powell’s Congressional Testimony and inflation figures will be crucial in determining the future movement of XAG/USD prices.
Analysts are expecting US CPI to decrease in June, with core inflation remaining steady. These economic indicators and events are important factors that investors should monitor closely to understand the potential direction of silver prices.
At Extreme Investor Network, we provide in-depth analysis and expert insights to help you navigate the complexities of the stock market and make informed decisions. Stay tuned for more unique content and valuable information to elevate your investing game!