Gold and silver investors still face ‘much more volatility than usual’ before prices stabilize – Heraeus

From kitco.com

Precious metals investors are in for more extreme swings before the price action stabilizes, while the scaling back of Fed rate cut expectations is another medium-term headwind for gold and silver price gains, according to precious metals analysts at Heraeus. In their latest update, the analysts noted that even as the Iran conflict drags on, gold still isn’t catching a bid. “Geopolitics and the war in the Middle East are dominating the news, but the gold price continues its retreat from its extremely overbought level of late January,” they wrote. “Some perspective may be needed on the recent sell-off. The ... (full story)