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Silver loses ground as hopes for US-Iran deal improve risk appetite
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FXStreet Forex & Commodities News
Silver (XAG/USD) trades around $57.40 on Tuesday at the time of writing, down 1.7% on the day.
The white metal is under pressure as the US Dollar (USD) loses some strength and investors reduce their exposure to safe-haven assets ahead of the Federal Reserve's (Fed) monetary policy decision.
Market sentiment improves following the latest comments from US President Donald Trump, who says the United States (US) is holding "good talks" with Iran.
Donald Trump warns that US military strikes could resume if negotiations fail, while several security incidents reported in Saudi Arabia, Jordan and Iraq highlight that regional tensions remain elevated.
(This story was corrected at 16:31 GMT to say in the first paragraph that the US Dollar is losing strength not regaining strength)