Gold and Silver Technical Analysis: Price Correction Amid Fed Speculation
Both gold and silver prices have experienced correction as the US dollar index rebounds from the support level of 103.50. This market activity reflects speculations surrounding the Federal Reserve’s monetary policy and its potential impacts. Price corrections in precious metals might signal strategic buying opportunities for traders looking to capitalize on market swings. As geopolitical tensions persist and investors weigh inflation forecasts, understanding the relationship between the USD and precious metals will be fundamental for effective trading strategies.