Gold prices continue to slide amidst economic uncertainty.
TL;DR Summary
Gold and silver prices are slightly down due to technical selling and lack of fresh fundamental inputs. The US debt-ceiling extension talks are in focus this week, with President Biden and House leaker McCarthy scheduled to meet today. The US dollar index is weaker, while Nymex crude oil prices are near steady. Technically, gold futures bulls have the overall near-term technical advantage, while silver bears have the overall near-term technical advantage.
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- Gold Price Forecast: XAU/USD rebound hinges on US debt ceiling talks, inflation clues and Fed Minutes FXStreet
- Gold retreats, adding to losses from worst week since February MarketWatch
- Gold Forecast: Markets Continue to Drift Lower DailyForex.com
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