Silver declines to $31.13, struggling below $33.00 amid selling pressure, support at $30.89, geopolitical and economic influences persist.
Caixin China Manufacturing PMI rose to 50.8 in February 2025, driven by increased output, new orders, and exports.
USD/JPY trades at 150.59, needing 150.93 to break downtrend. Resistance at 151.00; support at 148.57.
PBOC sets yuan midpoint, allowing +/- 2% fluctuation. Recent injection: 97 billion yuan; net drain: 195.5 billion.
Gold prices fell over 1% due to a stronger US Dollar and trade policy concerns amid economic uncertainty.
Australia’s business inventories rose 0.1% in Q4 2024, while operating profit surged 5.9%, exceeding expectations.
AUD/USD fell 0.54%, nearing 0.6200, impacted by tariffs, weak Australian data, and US PCE figures.
Japan’s Manufacturing PMI rises to 49.0 but remains in contraction amid weak demand, rising costs, and uncertainty.
Australia’s AUD sentiment improves; AUD/USD rises on China’s PMI. USD/JPY drops; gold rebounds on uncertainty. Focus: NFP, ECB.
PBOC sets the yuan’s midpoint at 7.2857, allowing a +/- 2% fluctuation, intervening if volatility arises.
