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December 13, 2024

Technical Analysis of Gold, Silver, and US Dollar Amid US PPI Data

Gold and silver find themselves within a consolidation phase as volatility persists in the market. The US Dollar is testing resistance levels amid fluctuations influenced by recent Producer Price Index (PPI) data releases. Consequently, traders are keen on deciphering potential breakout points as technical indicators suggest crucial trading ranges. Staying informed about economic releases will be vital for understanding market movements.

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