"Silver prices rebounded slightly after the release of the jobless claims data today. The figures showed a decline in claims, but less than expected. However, yesterday's robust US labour market data reignited concerns that the Federal Reserve may delay rate cuts in 2026. Nonfarm payrolls rose more than the consensus estimate, while the unemployment rate unexpectedly fell to 4.3%."
"Meanwhile, markets are now bracing for Friday's inflation print. A hotter-than-expected CPI reading could strengthen treasury yields and weigh on non-yielding assets such as silver. Still, the downside may be cushioned by geopolitical tensions and the diversification away from the dollar that fuel demand for precious metals. The US-Iran diplomatic standoff shows little sign of resolution, while the Russia-Ukraine conflict continues to cast a shadow over broader risk sentiment, which may help limit downside risk."
Silver prices rebounded slightly after jobless claims declined, though the drop was smaller than expected. Robust US labour market data increased expectations that the Federal Reserve may delay rate cuts into 2026. Nonfarm payrolls exceeded consensus and the unemployment rate unexpectedly fell to 4.3%. Recent cautious remarks from several Fed officials reinforce the view that monetary easing is unlikely unless inflation or employment weaken substantially. Markets are bracing for Friday's CPI print, where a hotter-than-expected reading could lift Treasury yields and weigh on non-yielding assets like silver. Geopolitical tensions and diversification away from the dollar may cushion downside for precious metals.
Read at London Business News | Londonlovesbusiness.com
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