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Precious metals pull back: Is this a pause or a peak for Gold and Silver prices?
After an explosive January rally that pushed gold close to $5,600 per ounce and sent silver more than 60% higher on the month, both metals have turned sharply lower. Gold slid nearly 4% in Asian trade, while silver retreated even more aggressively from record highs, raising doubts over whether the rally has simply overheated. So far, the evidence points more towards a pause than a peak. The sell-off has been driven by profit-taking and renewed uncertainty over US monetary policy, rather than a collapse in the forces that powered the rally. With markets focused on President Donald Trump’s imminent pick for the next ... (full story)
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