Investors await upcoming US data as they remain doubtful about the Fed’s upcoming monetary policy decision. Here’s what you need to know on Thursday, December 12: The US Dollar Index , which tracks the performance of a basket of six peers against the buck, rallies past 106.50, up 0.28%, underpinned by high US Treasury bond yields.
cut their 2024 and 2025 production forecasts on projections of economic weakness in China and India. WTI climbed past $70.00 per barrel. Gold prices continued to ascend for the third consecutive trading day, peaking at around $2,721 a troy ounce, as investors digested soft US CPI data. Silver consolidates shy of $32.00, capped on the downside by the 50-day SMA, and with a clear path to extend its gains.
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