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On April 4, Dmitriev, president of the Russian Direct Investment Fund and special representative of the Russian President for foreign investment and economic cooperation, summarized the results of the talks with US government representatives in Washington and said that the idea that Ukraine cannot join NATO has been widely recognized, including by the US President Trumps administration. Dmitriev said: "I think, as our president said, it is completely impossible for Ukraine to join NATO, and I also think this has been widely recognized, including by the Trump administration."Market news: Amtrak has suspended rail service from New York to Philadelphia, and significant delays are expected.On April 4, local time on April 3, Democratic officials in 19 states are suing Trump for trying to reshape the US election, calling it an unconstitutional infringement on the clear power of states to conduct their own elections. It is reported that this is the fourth lawsuit against the executive order issued a week ago. The lawsuit attempts to block key aspects of the executive order, including requiring people to provide proof of citizenship when registering to vote and requiring all mail-in ballots to be received before Election Day. The lawsuit claims that forcing states to make such changes violates the broad power given to states by the Constitution to set their own election rules.U.S. Vice President Cyrus: After the tariffs, the market may be worse off in some ways.ANZ Bank: predicts that the Reserve Bank of Australia will cut interest rates in May, July and August, bringing the interest rate to 3.35%.

Silver Price Analysis: XAG / USD finds interest around $20.50 as investors disregard Fed rate hike concerns

Daniel Rogers

Feb 28, 2023 11:38

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After testing buyer interest at $20.55 during the Tokyo session, the silver price (XAU/USD) has climbed back up. On a broader scale, the white metal is confined to a range between $20.55 and $20.80 as investors transfer their attention to Wednesday's release of the United States ISM Manufacturing PMI range.

 

Investors have begun to comprehend the fact that the Federal Reserve (Fed) is required to tighten monetary policy in order to achieve price stability, which has halted the Silver price's four-day losing streak. However, the losing streak may persist because geopolitical tensions between the United States and China have not yet been resolved.

 

S&P500 futures have extended their recovery as investors' risk appetite has increased. After a sharp reversal from around 105.00, the US Dollar Index (DXY) has continued to oscillate around 104.30. The term "ecosystem" refers to a group of people who work in the construction industry. The alpha offered on 10-year US government bonds has increased to approximately 3.93 percent.

 

As the fight against persistent inflation intensifies, the Fed's projections for higher interest rates are bolstered by optimistic consumer spending in the U.S. economy and robust wage gains.