Commodities
Silver Edges Higher as Rate-Hike Risks Clash with Industrial Demand
Gold futures closed little changed on Tuesday, while silver prices edged higher. The precious metals sector was influenced by the firming US dollar and declining oil prices, which could ease inflation pressures if sustained.
The direction of silver's price movement is being pulled in opposite directions due to rate-hike risks and industrial demand. Silver futures rose slightly as the market weighed these competing factors.
The SPDR Gold Shares ETF (GLD) and other gold-related assets saw limited movement, reflecting the metal's stable performance. The sector remains within a solid support range, according to analysis.