Gold and silver prices today: Precious metals under pressure
This is because of the impending release of the minutes of the US FOMC’s recent meeting
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This is because of the impending release of the minutes of the US FOMC’s recent meeting
Here is what you need to know on Thursday, February 22: The US Dollar came lost its traction during the Asian trading hours on Thursday and declined below 104.00, pressured by the improving risk sentiment.
Gold price has resumed its bullish momentum near $2,030 early Thursday, having paused its recovery rally on Wednesday.
Silver (XAG/USD) builds on the overnight bounce from the 200-hour Simple Moving Average (SMA) support near the $22.75 area, or the weekly low and gains strong positive traction on Thursday.
Natural Gas (XNG/USD) is dropping the ball after its big gain on Wednesday, gaining over 12%. The decline this Thursday by over 4% comes very unlucky with Natural Gas not getting enough time to consolidate above $1.80. With that support