Gold and Silver Prices React to Macro Trends and Risk-On Sentiment
TL;DR Summary
Gold and silver prices have experienced a decline in recent weeks due to the unwinding of the geopolitical premium and reduced demand for safe-haven assets. However, there are reasons to be optimistic about precious metals, particularly if bond yields continue to decrease. Key levels to watch for XAU/USD include support at $1,960 and resistance at $2,010/$2,015, while for XAG/USD, support is around $22.55 and resistance is at $23.40.
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