Silver prices remained largely flat near $68.40 during Thursday’s European session, trading within a range of $67.35 to $70 this week, according to FX Street. The precious metal showed a modest 0.35% increase but lacked clear directional momentum amid broader market caution.
The New Zealand Dollar (NZD) continued to weaken against the US Dollar (USD), slipping below the 0.5950 mark on Monday. This move follows strong US inflation data released on Wednesday, which has intensified expectations that the US Federal Reserve will maintain its interest rate hikes in the coming months, FX Street reported.
Gold prices also eased after an earlier rally that pushed the metal to $4,697 — its highest level since May 14 — marking a roughly 13% gain so far in August. However, gains were trimmed as investors awaited further signals from the Federal Reserve on monetary policy. For Japanese investors, these FX and precious metals moves highlight the ongoing global uncertainty around US monetary tightening and its impact on risk assets and safe havens.