Price pressure on gold, silver amid better risk appetite
Precious metals experienced a surge as market conditions fluctuated in the global economy. However, the recent trend suggests an increased risk appetite, leading to price pressures on gold and silver. The main driving factors for this pressure are diverse, ranging from global economies’ uptick, increasing vaccination rates to geopolitical calmness. Analysts predict this risk appetite could potentially guide the future prices of gold and silver. Nonetheless, experts from Kitco advise investors to monitor market conditions continuously, ensuring their ability to respond to market trends effectively.
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