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Silver market to see record industrial demand, outweighing lackluster investment demand and ETF outflows – Metals Focus

Record industrial demand will continue to dominate the silver market and will be the most significant factor behind the precious metal’s third straight annual deficit, according to the latest update from Metals Focus on behalf of the Silver Institute. While industrial demand is expected to hit record highs this year, total global physical demand is expected…

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XAU/USD Breaks Out as Yields Sink, Fed Pivot Hopes Build

Gold prices (XAU/USD) rallied over 1.0% on Thursday, rebounding from a lackluster performance in the preceding trading session, propelled by a significant retreat in U.S. Treasury yields following disappointing labor market data released earlier in the day. Focusing on the catalysts, applications for unemployment benefits for the week ending November 11 rose more than projected, clocking in at…

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