The precious metals market, specifically gold and silver, has been an intriguing case for investors. Following global economic instability, many turned towards these metals as a safe haven for their investments. However, the trend has been somewhat unpredictable lately, with gold prices witnessing noticeable drops. nnThe key drivers that seem to influence the slip in gold prices are the global economy’s gradual recovery, the rise in US bond yields, and the strength of the dollar. Meanwhile, silver has been showing a slightly resistant nature, maintaining its steady pace. nnThe question that remains is whether this downward trend in prices will continue. While it’s impossible to predict with absolute certainty, analysts suggest keeping an eye on key indicators such as economic data releases, geopolitical tensions, and developments in the COVID-19 pandemic. nnInvestors should also look out for the Federal Reserve’s stance on interest rates, as any changes could have significant implications on gold prices.n Read More
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