Hotter US CPI pressured precious metals, with gold breaking decisively below $4,600 as RSI fell under 40. Silver also weakened after breaking its ascending channel, with downside focus now on $76.15. The macro backdrop is further weighed by the Trump-Xi summit and the ceasefire holding, reinforcing a risk-off tone for metals.
Hotter US CPI pressured precious metals, with gold breaking decisively below $4,600 as RSI fell under 40. Silver also weakened after breaking its ascending channel, with downside focus now on $76.15. The macro backdrop is further weighed by the Trump-Xi summit and the ceasefire holding, reinforcing a risk-off tone for metals.
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Request DemoOverall Sentiment
moderately negative
Sentiment Score
-0.45
