After a period of stability, precious metals have resumed their downward slide, with both silver and gold prices dropping over 2%. This shift reflects current market uncertainties, challenging investor confidence in precious metals as safe-haven assets.
According to analysts, multiple factors are driving this bearish trend in precious metals. These include the strengthening of the US dollar, anticipations of higher interest rates, and global economic recovery from the pandemic. Our analysts provide targets and outlook in their report.
Despite these developments, some market watchers remain optimistic about the potential for future price rebounds based on the global economic climate and geopolitical tensions. It’s an uncertain time for precious metals, and investors should keep a close watch on market trends. Read More
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