The Federal Reserve recently cut short-term interest rates amid declining inflation and optimistic market conditions. Silver demand is projected to rise due to industrial use, while oil faces pressure from oversupply signals. The labor market remains strong despite recent job growth slowdown, influencing potential future rate adjustments.
The Precious Metals Week in Review – February 16th, 2024
Gold and silver prices are higher in midday U.S. trading Thursday, on corrective rebounds following recent selling pressure and after a U.S. retail sales report that was weaker than expected.