Forex
Silver Price Flat Ahead of Key US CPI Data Release
The silver price (XAG/USD) has started the US CPI week trading flatly around $63.50 during the Asian session.
This is just shy of its nearly seven-week high of $65.16 posted on Friday.
Bullions are expected to face heightened volatility as the US Consumer Price Index (CPI) data for July will be released on Wednesday.
The impact of this data will likely be significant on Federal Reserve interest rate expectations, as comments in the July monetary policy statement signaled that officials are heavily concerned about high inflation and are committed to bringing price pressures down to the 2% target.