The post XAG/USD wobbles around $36 ahead of US Employment data appeared on BitcoinEthereumNews.com.

Silver price juggles around $36.00 ahead of the US ADP Employment and NFP data for June. Fed’s Bowman warned of labor market risks in June’s last week. The US Dollar finds ground while tariff and tax cut bill uncertainty keeps it on the backfoot. Silver price (XAG/USD) trades in a tight range around $36.00 during European trading hours on Wednesday. The white metal consolidates as investors await the United States (US) Nonfarm Payrolls (NFP) data for June for fresh cues on the Federal Reserve (Fed’s) monetary policy outlook. Investors will closely monitor the US employment data as comments from a few Fed officials, including Vice Chair for Supervision Michelle Bowman, have signaled increasing labor market risks. “Should inflation pressures remain contained, I would support lowering the policy rate as soon as our next meeting in order to bring it closer to its neutral setting and to sustain a healthy labor market,” Bowman said in June’s last week. Signs of softening labor market conditions would allow traders to raise bets supporting early interest rate cuts from the Fed. Theoretically, lower interest rates by the Fed bode well for non-yielding assets, such as Silver. Ahead of the US NFP data, investors await the ADP Employment Change data for June, which will be published at 12:15 GMT. US private employers are expected to have hired 95K fresh workers, significantly higher than 37K in May. Meanwhile, broader weakness in the US Dollar (USD) continues to support the Silver price. The US Dollar has faced a sharp selling pressure amid uncertainty surrounding the July 9 tariff deadline and fears of widening US fiscal deficit following the imposition of Trump’s so-called “big beautiful bill”. Heightened global economic uncertainty leads to an increase in demand of safe-haven assets, such as Silver. However, an unexpected increase in US JOLTS…

---

Filed under: News - @ July 2, 2025 8:24 am