Silver retreats to $63 support as real yields rise on oil and strong PMIs
Silver dropped to the $63 support level as surging real yields from strong US PMIs and rising oil prices weighed on the metal.
Silver dropped to the $63 support level as surging real yields from strong US PMIs and rising oil prices weighed on the metal.
Oil prices rose and bond yields surged, pressuring European stocks and broader risk sentiment.
The Nasdaq risks erasing all post-FOMC gains as rising oil prices and rate-hike bets weigh on sentiment.
Bitcoin declined as oil prices recovered and rate hike bets intensified after strong US PMI data.
Crude oil extended gains after Trump dampened expectations of an early end to the Iran war, with technical breakouts aiding the rally.
Zcash touched a record after Europe's first ETP launched, but later fell on oil price and rate hike concerns.
Germany's Ifo business climate index rose to 89.9 in September, beating expectations, while the expectations index also climbed.
European stocks opened lower as surging bond yields and higher oil prices weighed on risk sentiment.
Shipping traffic through the Strait of Hormuz remains low, reinforcing oil's risk premium despite diplomatic hopes.
Brent crude rose above $102 and 10-year Treasury yields hit 5.11%, pressuring stocks.
Bitcoin slid 2% to $84,357 as the 10-year Treasury yield topped 5% for the first time since 2007; the U.S. Treasury announced up to $6 billion in buybacks.
Russia's economy ministry cut 2026 gas output and LNG export forecasts as the EU prepares to halt purchases.
Brent settled up nearly 4% as diplomacy stalled, while diesel fluctuated on conflicting US export ban reports. US crude stocks rose unexpectedly.
The White House edges closer to a 90-day diesel export ban, with Trump reportedly ready to announce within days, despite cabinet opposition.
US 10-year yields rose 16 basis points to 4.19%, the highest since 2007, driven by strong PMI data and growth optimism.