Silver recovers some ground as crude retreats; US CPI data in view for possible bounce
Silver consolidates near lows; US CPI report seen as potential catalyst for a relief rally.
Silver consolidates near lows; US CPI report seen as potential catalyst for a relief rally.
Oil eased and risk appetite firmed, though the macro and geopolitical backdrop is unchanged. Focus turns to US CPI and the November 3 midterms.
US spot Solana ETFs recorded net outflows for the first time in 14 weeks, weighing on SOL as broader crypto markets weakened.
Oil slipped overnight, giving back some gains, as Middle East tensions persisted and US-Iran talks stalled. Technical levels and events ahead are noted.
Bitcoin recovered after oil prices pulled back, with traders now awaiting US CPI data as the next catalyst.
Gold faced renewed pressure after oil hit new weekly highs, with US CPI the next focus.
Asian equities fell sharply on Tuesday, with South Korea's Kospi down about 7%, as tech and chip stocks led losses.
Goldman Sachs says Russian diesel exports will do little to prices; releasing 50 million barrels from European reserves could cut wholesale diesel by $11.
NAB's September business confidence index dropped to -13 and conditions held at -1, pressured by oil swings and interest rate rises.
IMF raised 2026 global growth forecast to 3.1%, citing AI spending, but warned concentration among 32 nations now accounts for 95% of expansion.
Asian stocks fell heavily on a tech selloff and oil worries. The Kospi led the drop, losing more than 6% to land below 6,000.
BlackRock moved US stocks from overweight to neutral and raised Treasuries, arguing markets overpriced further Fed tightening. It also cut its underweight on…
BofA sees gold averaging $4,000 in Q4 but not holding above it for three months, citing Iran war-driven oil inflation, soft physical demand, and a hawkish Fed.
UK retail sales growth exceeded forecasts in September, but a 17% surge in fuel spending and high diesel prices indicate households are squeezed by rising…
Goldman Sachs says French bond spread is tied to oil, ECB inaction, and fiscal uncertainty, with only a few possible relief factors.