Silver price (XAG/USD) claws back half of its early losses in the European trading session on Friday, but is still 1.7% down to near $72.60. The white metal is expected to remain volatile, as the United States (US) Nonfarm Payrolls (NFP) data for May is scheduled to be published at 12:30 GMT.
Silver price (XAG/USD) trades 1.85% higher to near $76.30 during the European trading session on Tuesday. The white metal gains as oil prices have corrected, while uncertainty surrounding the United States (US)-Iran remains intact.
OCBC's strategists Sim Moh Siong and Christopher Wong turn more cautious on Gold in the near term, cutting its price forecasts as elevated Oil prices, higher yields and a more hawkish Federal Reserve (Fed) have weakened Gold’s backdrop.