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Gold, Silver Forecast: Bullish Momentum Meets Key Resistance Levels
Gold and silver have increasingly behaved as inflation hedges over the past month, perhaps explaining why both are sitting at multi-week highs despite elevated US bond yields and continued US dollar strength. With the setups discussed earlier in the week having played out, this note provides fresh thinking about near-term directional risks. The correlation between gold and silver with longer-dated US Treasury yields and the US dollar index has strengthened sharply over the past month. This is an odd occurrence given higher interest rates and a firmer dollar typically create an environment in which non-yielding ... (full story)
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- Posted: Jan 16, 2025 7:58pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 310
