Gold and Silver Forecast: CPI Data Influences Precious Metals Outlook
Recent movements in gold and silver prices show a dip as traders adjust positions ahead of the upcoming U.S. CPI data release. The strength of the US Dollar is putting pressure on XAU and XAG values amidst ongoing safe-haven demand. Investors must pay attention to these forecasts, as CPI data could significantly impact precious metals’ short-term trends and prices. Staying updated on economic developments will be essential for any trading strategies.
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