As profit-takers assert their dominance in the trading sphere, both gold and silver are experiencing significant price pressures. These metals, typically seen as safe-haven assets, are bearing the brunt of this aggressive market tactic. Witnessing a significant drop, both gold and silver experienced a slow trading session. This slowdown is attributable to profit-taking techniques that traders employ to realize their profits, which can amplify price pressures on these precious metals. While some see this profit-taking as a necessary part of the trading cycle, others argue it can artificially depress prices and create market instability. However, the resilience of these precious metals cannot be underestimated as they have traditionally rebounded from such pressures. Stay with Kitco NEWS for the latest updates. Read More
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