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Silver: Outlook bearish in short term on rate cut delays; details here

Business Standard LogoBusiness Standard2w ago

Silver: Outlook bearish in short term on rate cut delays; details here - Business Standard

Quick Summary:

Intrinsic fundamentals of silver are bullish on record industrial demand, green energy usages and fourth consecutive year of deficit.(Praveen Singh is associate vice president of fundamental currencies and commodities at Sharekhan by BNP Paribas.

As the Fed chose to be patient to gain more confidence on inflation progress before it can decisively signal slashing interest rates this year, the US Dollar Index rallied, and commodities fell.

Similarly, the next year’s inflation projections have been revised higher to 2.3 per cent from 2.2 per cent.


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Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-14 @ 08:39:09 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 797 words

Reading Time: 5 minutes read

Sentences: 36 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21250197

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 233 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

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Publisher ID: #49

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