Silver: Eyes $30 as US real interest rates risk further falls – Goldman Sachs

Dhwani Mehta FXStreet

The Goldman Sachs analysts, in their latest research note, revised up the silver-price forecast to $30 vs. the previous $22 projection.

Key quotes

“More downside expected in US real interest rates.”

"Combined with a record level of debt accumulation by the US government, real concerns around the longevity of the US dollar as a reserve currency have started to emerge"

“Pandemic measures taken for the economy will lead to a significant rise in debt in the future, which in turn will lead to policymakers allowing inflation to rise, boosting precious metal prices.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD continues its rise as Dollar retreats on Fed action and soft data

EUR/USD advances during the North American on Thursday up 0.41% after the Fed decided to cut rates, alongside the release of weaker than expected job data in the United States. The pair trades at 1.1742 after bouncing off daily lows of 1.1682.

GBP/USD steadies at fresh near-term highs

GBP/USD is holding firmly in bullish territory heading into the tail end of the week, but Cable bidders ran into a technical resistance point at the 1.3400 handle on Thursday. The Federal Reserve delivered a third straight interest rate cut this week, bolstering broad-market risk appetite and pushing the US Dollar into the low side across the board.

Gold climbs above $4,250 as Fed rate cut weakens US Dollar

Gold price rises to seven-week highs near $4,275 during the early Asian session on Friday. The precious metal extends its upside as the US Federal Reserve’s quarter-point rate cut drags the US Dollar lower.

Zcash gains 12% amid rising interest in ZEC treasury Cypherpunk Technologies

Zcash is leading the crypto market recovery in the early Asian session on Friday, following a 12% jump over the past 24 hours. The move has extended its weekly gain to nearly 25%.

FOMC Summary: A split cut and a clear shift toward caution

The Federal Reserve (Fed) went ahead with a 25 basis points rate cut, taking the target range to 3.50–3.75%. But the tone around the decision mattered just as much as the move.

Solana dips as hawkish Fed cuts dampen market sentiment

Solana (SOL) price is trading below $130 at the time of writing on Thursday, after being rejected at the upper boundary of its falling wedge pattern. The broader market weakness following the Federal Reserve’s hawkish rate cut has added to downside momentum.