The post CME Outage Causes Precious Metal Volatility, Fed Speculations Rise appeared on BitcoinEthereumNews.com. Key Points: CME data center outage triggers volatile gold and silver prices this week. Gold rose nearly $150, with silver hitting an all-time high. Federal Reserve’s dovish signals increase rate cut probability to 80%. A CME Group data center outage caused significant volatility in spot gold and silver prices, with gold rising over $150 and silver reaching historic highs this week. This fluctuation coincides with heightened market volatility and potential Federal Reserve rate adjustments, significantly impacting financial markets. CME Outage Drives Record Highs in Precious Metals A data center outage at CME Group last Friday triggered significant price swings in the spot gold and silver markets this week. Gold prices surged almost $150, climbing back above $4200, while silver reached a record $56, demonstrating unprecedented volatility in precious metals. This stark price movement occurred as trading resumed post-outage, supported by a return of major market participants from their vacation break. The Federal Reserve is entering its usual pre-meeting “blackout” period, during which economic data releases are closely watched. The potential for a rate adjustment looms as the probability of an 80% likelihood of a 25 basis point rate cut is being debated. Federal Reserve Governor Bowman stated, “The probability of a 25 basis point rate cut at the Fed’s upcoming meeting has increased from 25% to nearly 80% in light of recent market developments.” Fed Rate Cut Speculation Hits 80% Probability Did you know? The recent surge in silver prices to $56 marks its first-time breach of this level, driven by unprecedented trading conditions post-CME outage. Bitcoin’s current price stands at $91,040.95, per CoinMarketCap, with a market cap over 1.82 trillion. Dominance in the crypto sector is 58.71%, despite a recent 1.46% price dip. Although the market shows an 8.27% weekly rise, both 30 and 60-day trends reflect declines of… The post CME Outage Causes Precious Metal Volatility, Fed Speculations Rise appeared on BitcoinEthereumNews.com. Key Points: CME data center outage triggers volatile gold and silver prices this week. Gold rose nearly $150, with silver hitting an all-time high. Federal Reserve’s dovish signals increase rate cut probability to 80%. A CME Group data center outage caused significant volatility in spot gold and silver prices, with gold rising over $150 and silver reaching historic highs this week. This fluctuation coincides with heightened market volatility and potential Federal Reserve rate adjustments, significantly impacting financial markets. CME Outage Drives Record Highs in Precious Metals A data center outage at CME Group last Friday triggered significant price swings in the spot gold and silver markets this week. Gold prices surged almost $150, climbing back above $4200, while silver reached a record $56, demonstrating unprecedented volatility in precious metals. This stark price movement occurred as trading resumed post-outage, supported by a return of major market participants from their vacation break. The Federal Reserve is entering its usual pre-meeting “blackout” period, during which economic data releases are closely watched. The potential for a rate adjustment looms as the probability of an 80% likelihood of a 25 basis point rate cut is being debated. Federal Reserve Governor Bowman stated, “The probability of a 25 basis point rate cut at the Fed’s upcoming meeting has increased from 25% to nearly 80% in light of recent market developments.” Fed Rate Cut Speculation Hits 80% Probability Did you know? The recent surge in silver prices to $56 marks its first-time breach of this level, driven by unprecedented trading conditions post-CME outage. Bitcoin’s current price stands at $91,040.95, per CoinMarketCap, with a market cap over 1.82 trillion. Dominance in the crypto sector is 58.71%, despite a recent 1.46% price dip. Although the market shows an 8.27% weekly rise, both 30 and 60-day trends reflect declines of…