The US Dollar is strengthening amid concerns that the Federal Reserve’s policies could drive it even higher.
Facebook LinkedIn US Dollar Index (DXY) Rises to Highest Levels Since November 2022 Amid Fed Policy Concerns The US Dollar Index (DXY), which measures the Greenback’s value against six major currencies, has climbed for the fifth consecutive day, reaching approximately 110.00—a level not seen since November 2022—as of Monday. This upward trend follows the market’s […]
Silver Price Forecast: XAG/USD Drops Near $30 as Traders Reevaluate
Facebook LinkedIn Silver Price Forecast: XAG/USD Drops Near $30 Amid Strengthening US Bond Yields Silver (XAG/USD) experienced a sharp decline to approximately $30.00 during Monday’s European session after failing to break past the critical resistance level of $30.60. The precious metal came under pressure as rising US bond yields dampened its appeal. This shift follows […]