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Silver rises toward $113.50 amid economic uncertainties, as focus turns to the Fed’s interest rate decision

Silver prices surged to around $113.50 amid economic uncertainty and a weakened US Dollar. With high rate cut expectations, market volatility looms, presenting trading opportunities and potential risks for investors. – vtmarketsmy.com

Gold rises above $5,220 during Asian trading due to a falling dollar and geopolitical tensions.

Gold prices soared to $5,220 amid a weaker US Dollar and global uncertainty. Traders anticipate the Federal Reserve’s upcoming interest rate decision, which may significantly impact gold’s future movements. – vtmarketsmy.com

The People’s Bank of China sets the USD/CNY central rate at 6.9755, changing from 6.9858

The People’s Bank of China set the USD/CNY central rate lower to stabilize the yuan, indicating managed stability. Traders should adopt strategies for low volatility amidst mixed economic data and cautious monetary policy. – vtmarketsmy.com

CPI inflation rose to 3.6% year-on-year, as expected, according to the Australian Bureau of Statistics.

Australia’s inflation rose to 3.6% in December, prompting speculation of interest rate hikes. With a strong job market and global uncertainties, traders should focus on nuanced strategies for the Aussie Dollar. – vtmarketsmy.com

The AUD/JPY currency pair stays around 107.00 as positive Aussie CPI results attract buyers

The AUD/JPY pair is gaining traction near 107.00 due to strong Australian inflation data boosting rate hike expectations, while negative sentiment surrounding the Japanese Yen creates further support, signaling volatility ahead. – vtmarketsmy.com

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