Gold and silver markets are consolidating near crucial levels. XAUUSD, the gold price, is holding steady between $3,250 and $3,450. Meanwhile, XAGUSD, the silver price, shows strong momentum above $35. Analysts suggest that the weakening U.S. Dollar Index, currently below 97.50, could enhance demand for these safe-haven assets.

The recent movements in precious metals suggest a resilience among investors. The anticipation of potential rate cuts from the Federal Reserve is aiding this sentiment, fostering a conducive environment for gold and silver prices to prosper.