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via fxstreet.comMarkets

Silver gains above $57.50 as Fed rate hike bets decrease

FROM THE WIRE · FXSTREET.COM

Silver price (XAG/USD) gains ground after posting losses in the previous day, trading around $57.60 per troy ounce during Asian hours on Monday. Silver climbed amid fading expectations for a Federal Reserve (Fed) rate hike in October.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishFading expectations of a Fed rate hike in October support silver, trading around $57.60 per troy ounce.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Silver rebounds after losses in the previous day.
  2. 02The price trades around $57.60 per troy ounce during Monday Asian hours.
  3. 03Expectations of a Fed rate hike in October are fading.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
SilverCOMMODITY:SILVERCommodity57.86 USD-0.02%today +0.97%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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