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Gold is facing a downward trend following a bull phase, triggered by the comments from the Federal Reserve last week and unfavorable US nonfarm payrolls data. The latter could influence the direction of US interest rates, which could in turn affect the gold market. The Fed chose to keep rates unchanged on May 1, 2024, although it confirmed its intentions to ...
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Central banks may refrain from buying silver like they buy gold, but the industrial use of silver continues to benefit it. Meanwhile, there are other drivers of XAGUSD's growth. Let's discuss it and make a trading plan for XAGUSD. Precious metals tend to move in tandem. They rise together and fall together. Central banks do not buy as much silver as gold. ...