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Silver falls to $63.10 per troy ounce, down 0.38%
Silver prices declined on Wednesday, with XAG/USD trading at $63.10 per troy ounce, down 0.38% from $63.35, according to FXStreet data.
Deutsche Bank flags building upside risks for UK inflation
Deutsche Bank's UK economist says July CPI data broadly matched expectations while inflation risks are tilted to the upside.
China's First Floating Solar Plant Over Mine Water Runs in Ningxia
A 23 MW floating solar facility in Lingwu has been grid-connected since 2022 and generates about 32.39 million kWh per year.
NATO Drafts Three-Part Plan Against Possible Russian Attack on Baltics: Bild
Bild reports NATO has prepared a three-part battle plan for a potential Russian attack on the Baltic states, including strikes on military and logistics targets inside Russia.
UK Inflation Uptick Tied to Energy Shock, BoE Hold Expected
UK inflation rose due to an energy market shock linked to the Iran war, with the Bank of England expected to hold rates through year-end.
UK inflation seen peaking near 3.2%, BoE set to hold rates
UK inflation picked up in July but is projected to peak around 3.2% next winter, keeping the Bank of England on hold this year before rate cuts resume.
FOMC Minutes in Focus as European Yield Curves Flatten
Today's macro calendar includes minutes from the July FOMC meeting, while European yield curves flattened after the previous session's bear steepening.
Hormuz Vessel Strike Reported as Asian Bond Yields Diverge
Asia markets are tracking the first reported vessel strike in the Strait of Hormuz in 10 days, ongoing US-South Korea pressure talks, and diverging sovereign yield moves.
WTI Crude Holds Near Three-Week High Below $85 as Bulls Watch 100-SMA
West Texas Intermediate crude traded near a three-week high but remained below the $85.00 mark in Asian hours Wednesday, with bulls watching for a break above the 100-period simple moving average.
Silver Elliott Wave Count Points to Higher Extension
A short-term Elliott Wave view sees Silver (XAGUSD) advancing impulsively from the July 17 low, with a higher extension still expected.
Iran Reportedly Weighs US Military Targets in Europe if War Escalates
Iran is considering attacks on US military assets in southeastern Europe and subsea cables near the Strait of Hormuz if the war with Washington escalates, Financial Times reports.
Gold bulls eye $4,400 ahead of Fed minutes
Gold has reversed Tuesday’s sharp pullback and is trading back near the $4,400 level early Wednesday, with traders focused on the upcoming release of the Federal Reserve’s July meeting minutes.
Trump Pauses 50% Tariffs for Three Days, Says US and Canada Have a Deal
President Trump announced a three-day pause on the 50% tariffs that were set to take effect tomorrow morning and said the US and Canada have a deal.
WTI Extends Gains Toward $85 as US-Iran Tensions Escalate
West Texas Intermediate rose for a fourth consecutive session, trading around $84.80 per barrel in Asian hours as escalating US-Iran tensions supported crude prices.
US Margin Debt Posts Record $85 Billion Monthly Plunge in July
US margin debt fell $85 billion in July to $1.42 trillion, the largest one-month drop on record and the first monthly decline since March.
Oil rises for fourth day as US-Iran talks stall
WTI climbs above $85 and Brent holds above $91 as stalled US-Iran talks keep Hormuz traffic limited.
Trump Halts Iran Talks, Shifts to Long-Term Pressure Strategy
The administration has ordered top envoys to stop negotiations with Tehran and pursue sustained economic and military pressure, CNN reports.
US Officials See Damascus Moving Toward Confrontation
U.S. officials are concerned that developments are pushing Damascus toward a more confrontational posture, with the Trump administration urging restraint, Axios reports.
US Officials Link Israel's Syria Strikes to Election Timing
Some senior U.S. officials believe Israel's military action in Syria was partly driven by domestic election considerations, Axios reports.
Turkey backs Syria stability, urges Netanyahu to end aggressive policies
Turkey's communications directorate supports lasting regional peace, saying Netanyahu must abandon aggressive policies and respect international law, and vows cooperation with Syria's government.
Gold steadies near $4,335 as Treasury yields offset Fed rate-hold support
Gold is hovering near $4,335 in early Asian trading after retreating from an early-June peak around $4,450, with stronger Treasury yields weighing on the metal.
Trump Halts Iran Talks, Shifts to Long-Term Pressure Strategy
CNN reports President Trump ordered top administration envoys to stop conversations with Iran, while White House officials signal a strategy shift toward long-term pressure.
Trump Says No Talks With Iran, Naval Blockade Remains
President Trump said there are no talks or conversations scheduled with Iran and that the naval blockade remains in full force, while the Strait of Hormuz is open.
US tells allies it is changing strategy toward Iran
Washington has informed allies that it is in the process of revising its approach to Iran, a U.S. official told CNN.