Silver Price Forecast: XAG/USD retreats from nearly three-year high to below $28.00

Silver Price Forecast

The price of silver, represented by XAG/USD, has recently retreated from its nearly three-year high, falling below the $28.00 mark. This pullback comes after significant gains that saw silver prices surge to their highest levels since 2018, driven by a combination of factors including inflationary concerns, a weaker US dollar, and increasing demand for safe-haven…

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Pound Sterling remains on tenterhooks ahead of US Inflation data

Pound Sterling

As the global financial community eagerly awaits the release of the US Consumer Price Index (CPI) data, the Pound Sterling finds itself in a state of suspense, teetering on the edge ahead of this pivotal economic announcement. Traders and investors are closely monitoring the Pound Sterling’s movements against major currencies, particularly the US Dollar, as…

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EUR/USD flip-flops in a range prior to US CPI

EUR/USD flip-flops

In the run-up to the eagerly anticipated release of the US Consumer Price Index (CPI) data, the EUR/USD currency pair has been caught in a state of indecision, fluctuating within a tight range. Traders are exhibiting caution, refraining from making significant moves until the crucial inflation figures are unveiled. The Euro to US Dollar exchange…

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Forex Today: Gold hits yet another record high to start the week

Gold

In today’s forex market, gold has once again surged to a new record high, setting a bullish tone for the week ahead. Amidst ongoing global economic uncertainty and geopolitical tensions, investors continue to flock to the safe-haven asset, driving its price to unprecedented levels. The precious metal rally is fueled by a combination of factors,…

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