Silver Price Forecast: XAG/USD resumes run-up towards $26.00 as Ukraine woes stretch By anilpanchal7 Silver RiskAppetite Ukraine Commodities Fed
Ukraine-Russia headlines propel rush to risk-safety, EU’s resistance in banning Russian oil imports triggered earlier pullback.Further upside can’t be ruled out as geopolitics fan inflation fears. buyers the previous day, the bright metal begins Tuesday’s Asian session trading on a front foot around $25.60 as geopolitical fears from Ukraine extend the risk-aversion wave.
Silver prices rose to the highest since July 2021 the previous day as risks to the global supply chain emanating from Ukraine-Russia tussles escalated as the US intends to go ahead with banning Moscow’s oil. However, a lack of support from the European Union and the bloc’s emphasis on other means to punish Moscow for its invasion of Ukraine seems to have triggered the profit-booking mood afterward.
On the same line was a halt in Russian fire in selected Ukrainian cities, as well as a restart of the human corridor after a two-day break. Even so, “Ukrainian officials said a Russian airstrike hit a bread factory in northern Ukraine on Monday, killing at least 13 civilians, while talks between Kyiv and Moscow made little progress towards easing the conflict,” said Reuters.
It’s worth noting that the US Treasury yields recovered from a two-month low while the Wall Street benchmarks closed in the red and theAs inflation fears push global central banks towards faster rate hikes, the traditional safe-havens are likely to remain in the demand. That said, the XAG/USD bulls may keep their eyes on this week’s US Consumer Price Index data amid indecision over the Fed’s 0.50% rate-hike, even as a 0.25% uplift is almost given.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Silver Price Forecast: XAG/USD struggles at $26.00, retraces to $25.60s on US dollar strengthSilver Price Forecast: XAG/USD struggles at $26.00, retraces to $25.60s on US dollar strength By christianborjon Silver XAGUSD Macroeconomics Sentiment Technical Analysis
Consulte Mais informação »
Silver alert is issued for 74-year-old man last seen in San JoseA Silver Alert has been issued for a 74-year-old man last seen Saturday morning in San Jose.
Consulte Mais informação »
Marvel's Craziest Hero Combination Combined Sentry With Silver SurferSilver Surfer and Sentry bonded together in one incredibly powerful new form to combat the Void, merging the Power Cosmic and psionic reality control to push the boundaries of might in Marvel Comics.
Consulte Mais informação »
SILVER ALERT issued for missing man, 76, with dementia last seen in Acres Homes**HAVE YOU SEEN HIM? IT ONLY TAKES A SECOND TO SHARE**
Consulte Mais informação »