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31/01/2026
Spot silver fell below $74/ounce, dropping 36.22% intraday.
Latest
2 m ago
Federal Reserve Governor Milan: I will continue to serve until the successor is confirmed.
3 m ago
Apple's artificial intelligence team faces another wave of resignations, with several researchers moving to Meta and Google.
4 m ago
US Department of Agriculture: Agricultural input purchase prices in December rose by 8.5% year-on-year.
4 m ago
US Department of Agriculture: in December, the sales prices of agricultural products dropped by 4.6% year-on-year.
5 m ago
On Friday, the US dollar sharply rose, marking its largest single-day increase since July, as gold and silver plummeted, dragging down currency exchange rates from the Australian dollar to the Swiss franc. The US dollar index, DXY, ended the volatile month with a gain of about 0.9%. During this period, the index experienced significant fluctuations due to President Trump's policies. The US dollar rebounded on Friday thanks to the decline in precious metal prices and the impact of Trump's selection of Powell as the Federal Reserve Chairman. However, the index still fell by about 1.4% in January, making it the worst performing month since August. "Overall, market sentiment is rather tense," said Catherine Brooks, research director at XTB. "The depreciation of the US dollar trade has been temporarily halted, but this does not mean that the trade is over." The Australian dollar, Swiss franc, and Swedish krona (currencies influenced by precious metal prices) led the G10 currency group in decline. Silver prices saw the largest single-day drop in history, while gold prices saw the largest drop since the early 1980s, ending the previous upward trend.
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