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This white-grey metal offers robust protection against inflation as well as downside risks due to its high utility and store of value. While its price often moves in tandem with gold, silver tends to be more volatile. With the current uptrend in silvers price, it is also expected to reach an all-time high level soon.
As expected, at its recently concluded March meeting, the Fed stood pat on interest rates. Of greater interest, the "dot-plot", skewed much more to the hawkish side.
KUALA LUMPUR: The ringgit strengthened against the US dollar in early trade today as investors took a breather ahead of the release of the US Consumer Price Index (CPI) data later today, an analyst said.
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In October of last year, the 10-year Treasury yield in the U.S. experienced a significant surge, reaching as high as 5 percent. This surge was attributed to uncertainties surrounding monetary policy and apprehensions regarding increased treasury issuances aimed at funding the government deficit. The Fed left its policy rate unchanged at 5.25-5.50 percent in September, but penciled in another rate hike in its dot-plots to address the upside risk of inflation. The U.S. Department of the Treasury announced that it would issue as much as $1.1 trillion in bonds in the third quarter last year, whic...
There were several important news events this week including the Fed’s January minutes. But this took a back seat to Nvidia’s blowout top and bottom-line numbers.