Gold, silver price prediction: Will gold, silver continue to fall?
Market analysts predict that gold and silver prices will remain under downward pressure due to a bearish technical setup and recent US Federal Reserve interest rate decisions. While the long-term trend remains positive, current volatility suggests a period of consolidation or further correction.
Why it matters
Precious metal price fluctuations are key indicators for investors and reflect broader global economic sentiment regarding interest rates.
Gold and silver price prediction today: Both gold and silver prices are expected to remain under pressure in the coming days, says Abhilash Koikkara, Head - Forex & Commodities, Nuvama Professional Clients Group. Below is his outlook and trading strategy for gold and silver:MCX Gold Price OutlookMCX Gold is likely to remain under pressure in the near term, with prices continuing to trade lower on a weekly basis and pointing to a sideways to bearish setup. This pattern suggests that selling pressure remains dominant in the near term, with the possibility of sideways bias once the ongoing consolidation phase comes to a halt.
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