Gold continues its record-breaking rally, supported by dollar weakness and global uncertainty, while Silver defends crucial support. The Fed’s policy tone is now the key catalyst that could determine whether both metals extend their gains or face a pullback.
Key Points :
Gold soars to a new all-time high near $5,280, fueled by a weaker U.S. dollar and heightened geopolitical tensions driving safe-haven demand.
Silver holds strong above key support at $111 after testing $117.70, maintaining its broader upward trend.
All eyes are on the Federal Reserve’s upcoming decision and Powell’s remarks, which could dictate the next major move for the dollar and precious metals.
Technical outlook remains bullish for both metals: Gold eyes a potential rise toward $5,410, while Silver could target $120 if it breaks above recent resistance.
