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Silver price drops to $86.91 after reaching a peak of $89 as bullish momentum wanes

Silver soared to $89.11 before retreating to $86.91, with momentum fading. Despite strong industrial demand, rising interest rates and a robust dollar pose challenges. Traders seek strategies for potential reversion as volatility drops. – vtmarketsmy.com

South Korea’s year-on-year import price growth falls to 0.3% from 2.2%

South Korea’s import prices slowed, gold soared past $4,600, and the US Dollar is strong amid Federal Reserve uncertainty. Traders should brace for volatility in currency markets and commodities. – vtmarketsmy.com

In December, South Korea’s year-on-year export price growth fell from 7% to 5.5%

South Korea’s export price growth slowed to 5.5%, signaling potential economic challenges ahead. Weak global demand may impact the Korean Won and KOSPI, prompting strategic trading adjustments. – vtmarketsmy.com

Gold drops below $4,600 after US CPI release, suggesting possible future Federal Reserve rate cuts

Gold’s price dipped to $4,590 due to a stronger US Dollar and cautious Federal Reserve signals. Geopolitical tensions support gold, creating a complex trading environment and potential buying opportunities ahead. – vtmarketsmy.com

Argentina’s Consumer Price Index exceeded forecasts in December, reaching 2.8% instead of the expected 2.5%

Argentina’s inflation rose 2.8% in December, exceeding expectations and signaling ongoing economic challenges. This could prompt a central bank rate hike, affecting investment strategies and currency dynamics. – vtmarketsmy.com

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