Silver falls ahead US Federal Reserve decision

Economies.com
2019-09-18 11:51AM UTC

Silver prices fell today, marking its first loss in 3 days, amid a day of respite, while dollar rose against a basket of currencies, ahead of the Federal Reserve rate decision.

 

As of 11:44 GMT, silver fell by 0.8% to $17.83 an ounce, from the opening of $17.98, with a high of $18.03, and a low of $17.79.

 

Silver closed higher by 0.9% yesterday, its second daily gain, as US dollar fell.

 

The dollar index rose today by 0.2% against a basket of major currencies, which puts pressure on silver and most metals and commodities denominated in dollars.

 

Meanwhile, the US Federal Reserve will conclude its meeting and unveil its rate decision later today, with forecasts of another rate cut for the second time this year to counter the global growing risks.

 

At 18:00 GMT, the US interest rate decision and monetary policy statement will be released, and Federal Reserve Chairman Jerome Powell will hold a press conference at 18:30 GMT.

Commodities News

Gold News

Commodities

Gold climbs as dollar stabilizes ahead of important data
2024-03-27 21:29PM UTC
Gold prices rose on Wednesday as markets await important US data this week while the dollar trades ...
Oil News

Commodities

US crude stocks rise unexpectedly
2024-03-27 15:39PM UTC
The Energy Information Administration reported a buildup of 3.2 million barrels in US crude stocks ...
Oil News

Commodities

Oil prices extend losses after a spike in US inventories
2024-03-27 13:21PM UTC
Oil prices declined in European trade on Wednesday, extending losses for the second session, with ...

Commodities Technical Analysis

Natural gas Analysis

Commodities

Natural gas price faces solid support – Forecast today – 28-3-2024
2024-03-28 05:37AM UTC
Natural Gas Price Analysis and Forecast Expected Scenarios Faced solid historical support at ...
Platinum Analysis

Commodities

Platinum price repeats the positive closings – Forecast today – 28-3-2024
2024-03-28 05:34AM UTC
Platinum Price Analysis and Forecast Expected Scenarios Platinum price still holding above ...
Copper Analysis

Commodities

Copper price tends towards the positivity – Forecast today – 28-3-2024
2024-03-28 05:33AM UTC
Copper Price Analysis and Forecast Expected Scenarios Copper price ended the temporary negative ...