Gold and silver prices today: Yellow metal dips in the last session
Analysts say the CME FedWatch tool shows traders pricing in a 53.6% chance for a 25 bps cut in June and a 28.7% chance for rates to remain steady
Stay updated with breaking news from Gold Return. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Analysts say the CME FedWatch tool shows traders pricing in a 53.6% chance for a 25 bps cut in June and a 28.7% chance for rates to remain steady
This is because of the impending release of the minutes of the US FOMC’s recent meeting
The dollar index slipped but is still trading around the 104 mark. The US 10-year yield was firm, trading close to the previous week’s high close to the 4.3% mark
Analysts say the focus will now shift to the minutes of the US FOMC meeting, which is expected to show broad consensus for rate cuts this year
Amidst these mixed sets of data points, US yields and the dollar index hold firm; but analysts expect lower volatility on the back of holidays in the US