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Precious Metals Analysis: Gold and Silver Buoyant as Real Yields Fall
2021-01-21 03:00:00
Daniel Moss,
Analyst
Gold, Silver, Janet Yellen, US Real Yields, XAU/USD, XAG/USD – Talking Points:
Precious metal prices may continue to outperform in the coming months on the back of fiscal stimulus hopes and falling real yields.
Gold poised to extend recent gains after clambering back above the trend-defining 50-MA.
Breach of Descending Triangle pattern hints at further upside for silver prices.
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Gold and silver prices have recovered lost ground in recent days, climbing 3.8% and 7.6% from their respective monthly lows on the back of falling real yields and a weaker US Dollar. This push higher in precious metal prices looks set to endure in the near term, as President Joe Biden’s pick for Treasury Secretary Janet Yellen pushes for additional deficit spending to bolster the nation’s nascent economic recovery. ....

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