Silver Price News: XAG/USD pause two-day winning streak below $24.00 as markets await US GDP – by anilpanchal7 Silver XAGUSD Commodities Fed GDP
tal drops for the first time in three days as traders stay cautious ahead of the key US data comprising the first readings of the US fourth quarter Gross Domestic Product .
Additionally, the downbeat performance of US equities in the last few days and anxiety ahead of the top-tier data, as well as hopes of more rate hikes, also challenge the sentiment and please the Silver buyers. On the same line could be optimism in Hong Kong as the nation’s equity benchmark Hang Seng leads the Asia-Pacific gainers with above 2.0% gains by the press time even if markets in Australia, India and China are closed. The reason for the upbeat sentiment could be linked to the market chatters suggesting strong holiday spending in China, the world’s biggest commodity user.
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