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Gold and silver analysis: Technical Tuesday, March 26, 2024

From forex.com

Gold was up around 1% by mid European session, trading near $2200, while silver was up low 0.6%, trading around $24.80. Precious metals have rebounded as the dollar retreats slightly following its sharp gains the week before. Dovish policy decisions from the Federal Reserve and the Bank of England as well as a surprise rate cut by the Swiss National Bank and not to mention indications from other major central banks such as the European Central Bank that interest rates are going to be cut by the middle of this year, area all helping to support precious metals. Gold remains poised to hit new highs. But is it finally ... (full story)

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  • Category: Technical Analysis