Gold and silver remain under pressure as strong U.S. jobs data lifted Fed rate-hike expectations, weighing on non-yielding metals. XAUUSD broke key support and silver moved lower alongside it, signaling continued bearish technical momentum. The macro driver is firmer labor data and higher-for-longer rate concerns rather than a single idiosyncratic event.
Gold and silver remain under pressure as strong U.S. jobs data lifted Fed rate-hike expectations, weighing on non-yielding metals. XAUUSD broke key support and silver moved lower alongside it, signaling continued bearish technical momentum. The macro driver is firmer labor data and higher-for-longer rate concerns rather than a single idiosyncratic event.
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moderately negative
Sentiment Score
-0.45
