The last session saw the Silver rise 0.7% against the Dollar. The MACD is giving a positive signal.
XAG/USD gained 0.7% in the last session.
The MACD is giving a positive signal.
Support: 29.4511 | Resistance: 31.3209
XAG/USD gained 0.7%
London stocks fall as political uncertainty, soft economic data weigh
The UK’s main stock indexes closed lower for a third consecutive session amid political uncertainty ahead of UK’s elections in July, while news of slower growth across businesses in May weighed on sentiment.
USD/CAD gained 0.4%
The Loonie-Dollar pair gained 0.4% in the last session. The Stochastic indicator is giving a negative signal.
USD/CAD gained 0.4% in the last session.
The Stochastic indicator is currently in the negative zone.
Support: 0.7264 | Resistance: 0.7312
Oil slips for third day
U.S. crude oil inventories rose unexpectedly last week due to a big adjustment for unaccounted barrels, while gasoline stockpiles fell as demand grew ahead of the summer driving season, the Energy Information Administration said.
Oil prices fell around 1.3% , retreating for a third straight day on expectations that U.S. interest rate cuts might be deferred due to sustained inflation, which could weaken oil demand.
The Oil-Dollar pair plummeted 1.3% in the last session. The ROC is giving a negative signal.
Support: 77.1767 | Resistance: 80.4567
Wall Street indexes struggled for direction
Wall Street’s main indexes struggled for direction on Wednesday as investors kept to the sidelines ahead of AI chip leader Nvidia’s quarterly results and minutes of the Federal Reserve’s policy meeting.
Gold prices slipped
Gold prices fell over 1% as the gold rally cooled with investors booking profits, while focus shifted to minutes from the Federal Reserve’s recent policy meeting for more clarity on the central bank’s rate trajectory.
The Gold-Dollar pair dove 1.7% in the last session. The Stochastic-RSI is giving a negative signal.
Support: 2393.0933 | Resistance: 2448.2333