Gold hits fresh ATH, Silver soars to highest since 2011 [Video]

Ipek Ozkardeskaya Swissquote Bank Ltd

Markets kicked off the week in slow motion with US and Canadian exchanges shut for Labour Day — but Alibaba’s AI-fuelled surge sent the Hang Seng higher, while in Europe, PMI data offered a glimpse of recovery despite French political risks still casting a long shadow. Gold blasted through fresh records, silver soared to levels not seen in over a decade, and oil bulls are circling key resistance once again.

All eyes now turn to euro area CPI: will inflation brush up against the ECB’s 2% target and keep policy steady, or will growth concerns spark a dovish turn? The euro’s rebound looks powerful, but crowded positioning leaves room for some correction if politics flare up.

Author

Ipek Ozkardeskaya

Swissquote Bank Ltd

Ipek Ozkardeskaya began her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked in HSBC Private Bank in Geneva in relation to high and ultra-high-net-worth clients.

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