High interest rate expectations triggered a sell-off in precious metals! Silver plunged 9% in a single day, breaking below the $80 mark.

① Gold prices fell to a more-than-one-week low on Friday, with silver prices plunging below the $80 per ounce threshold; ② The yield on the US 10-year Treasury bond and the US dollar both strengthened. Inflation concerns fueled by escalating conflicts in the Middle East have reinforced market expectations for higher interest rates, weighing down precious metal prices.

cls.cnMay 16 03:38

What happened to cause significant volatility in the Japanese and Korean stock markets as well as in gold and silver?

Analysts pointed out that two major factors triggered the global market decline.

Securities DailyMay 15 16:47

Express News | The United States has rejected Iran's written proposal to end the war.

BreakingsMay 15 16:08

Paving the way for interest rate cuts? Bessent insists that inflation will soon ease, and the Fed will usher in the 'Warsh era'!

U.S. Treasury Secretary Scott Bessent anticipates that price pressures will ease soon, despite recent unfavorable inflation data; Bessent believes the inflation surge driven by rising energy prices may reverse as the U.S. is set to continuously produce crude oil in large volumes.

cls.cnMay 15 09:26

Wash is set to 'take the helm' at the Federal Reserve. Can she meet five major challenges? A comprehensive overview.

The U.S. Senate confirmed Kevin Warsh to succeed Powell as the Federal Reserve Chairman for a four-year term; Warsh will face five major challenges upon taking office, including tests of independence, skepticism regarding interest rate cuts, unstable relations with the market, difficulties in driving change, and working with individuals he has criticized.

cls.cnMay 14 10:26

Express News | The U.S. PPI recorded its largest increase since 2022, driven by rising energy costs.

BreakingsMay 13 21:13