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Spot silver rose $1 intraday to $58.10/oz, up 1.75%.

2026-07-29

Spot silver rose $1 intraday to $58.10/oz, up 1.75%.

Other News
2026-07-29

The MOFCOM office issued a work notice directing local authorities to accelerate delivery of urban 15-minute convenience service circles, setting a national target of 10,000 completed circles by 2026 subject to planning and quality controls. Localiti

The MOFCOM office issued a work notice directing local authorities to accelerate delivery of urban 15-minute convenience service circles, setting a national target of 10,000 completed circles by 2026 subject to planning and quality controls. Localities must define total targets and annual construction quotas. The notice urges use of these community nodes to stimulate consumption—bringing domestic “trend” goods, export-quality items, local specialties and international brands into neighborhoods via legally compliant exhibition stands—and to run promotional campaigns. It encourages appliance trade-in schemes, digital and smart-product subsidy participants to hold community sales events and establish local service/recycling points, and asks auto manufacturers, dealers and recyclers to promote trade-in policies and, where feasible, conduct community vehicle displays, sales and test-drives.
2026-07-29

Macquarie Group head of economic research David Doyle expects the Fed to hold rates at this meeting, but said the decision looks less clear-cut than earlier in the year. Market-implied odds of a rate hike are about 35%. The chair’s wording at the pre

Macquarie Group head of economic research David Doyle expects the Fed to hold rates at this meeting, but said the decision looks less clear-cut than earlier in the year. Market-implied odds of a rate hike are about 35%. The chair’s wording at the press conference and FOMC voting splits will be key. Markets will watch for dissents and any shift in statement language; if rates are held, dissenting votes are likely, with the count depending on how hawkish the wording becomes. Doyle still sees the next policy move most likely a hike in December. The statement could upgrade its description of unemployment (June said “little changed") after a further small decline, and overall risk is skewed toward adding language that implies a bias to tighten.
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