XAG/USD falls 1.45% on reduced safe-haven demand and a stronger USD ahead of the Federal Reserve’s policy decision this week.
Silver prices declined to $57.55, down 1.45% on Tuesday, as investors await the Federal Reserve’s monetary policy announcement. A rebound in the US Dollar (USD) further pressured the white metal, offsetting lingering geopolitical uncertainties.
Markets had priced in a hold on interest rates, though some participants still anticipate a potential hike. The Fed’s guidance will be scrutinized for signals on future policy moves, with September seen as a more likely timeline for any adjustments.
Geopolitical tensions in the Middle East showed signs of easing after US President Donald Trump indicated progress in talks with Iran. However, ongoing security incidents and shipping disruptions in key regions kept energy market risks alive.