Gold prices hit record highs driven by recession signals and a disappointing jobs report, which heightened expectations for Federal Reserve rate cuts. Amidst a bearish US dollar setup, both gold and silver exhibit bullish technical patterns indicating potential further upside.

These financial dynamics underscore investors’ shift towards safe-haven assets amid economic uncertainty. Analysts foresee stronger performance as market sentiments change, with increased pressures on the job market fueling concerns.

The overall outlook for precious metals remains optimistic, with many experts predicting that continued economic challenges will further support gold and silver prices in the near term.