Silver loses more than 1.5% due to the recovery of the dollar and the rise of oil

Silver prices lost more than 1.5% in the European market on Tuesday, abandoning the highest level in about a week, on their way to incurring their first loss in the last three days, under pressure from the recovery of the US dollar and the rise in oil prices, due to fears of renewed military tensions between the United States and Iran.

The US Dollar The dollar index rose on Tuesday by 0.15%, as part of attempts to recover from its lowest levels in 11 weeks, on its way towards achieving...

The first gain in the last four sessions, reflecting the recovery in US currency levels against a basket of global currencies.

US interest rates: According to the CME Group’s “Fed Watch” tool: pricing the odds of the Federal Reserve keeping interest rates unchanged at the September meeting is currently stable at 65%, and pricing the odds of raising interest rates by about 25 points at 35%.

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The Middle East Pharmaceutical Industries Company (Avalon Pharma) announced the signing of a strategic marketing agreement with Bio-Thera Solutions, under which it obtains exclusive rights to register and market the drug “Dupilumab” (a generic product of “Dupixent”) in the Kingdom of Saudi Arabia and the Middle East and North Africa region.

•The Japanese yen deepens its losses to the lowest level in 3 weeks •The dollar rebounds and oil rises due to fears of a renewed Iranian war •Bond yields

The Japanese market jumps to the highest level in 30 years. Markets are waiting for more evidence about the path of Japanese interest rates

•The US dollar rebounds against a basket of currencies •Oil prices reach the highest level in 3 weeks •The expiration of the temporary peace agreement between the United States and Iran •Markets await the minutes of the Federal Reserve meeting •Trust fund holdings jump to the highest level in 3 months