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New record possibly delayed to 2026 as Gold and Silver enters extended consolidation phase

From actionforex.com

Gold and Silver came under renewed pressure at the start of the week. Gold briefly dropped below 4,000 mark before stabilizing, while Silver’s decline gathered pace after breaking key retracement support. The timing of the selloff coincides with the announcement of a new U.S.–China framework deal designed to avert a major tariff escalation in November. The prospect of easing trade tensions has reduced demand for defensive assets, encouraging investors to rotate into equities and risk currencies. Optimism over the pending Trump–Xi summit has also supported broader market confidence. Markets now await two pivotal ... (full story)

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  • Category: Technical Analysis