Gold Holds Above $4,000 After Hitting New Lows, Silver Stabilizes Under $60
Gold prices steadied just above $4,000 after breaking to new lows yesterday, while silver paused under $60. Two potential catalysts that could have lifted metals from those lows failed to materialize.
Precious metals extended their recent decline on Wednesday, with gold and silver both reaching fresh lows before stabilizing. Gold is currently holding just above the $4,000 round number, while silver has steadied after slipping below $60.
The broader outlook remains pressured by sticky inflation, resilient economic growth, and no expectation of a dovish policy pivot from major central banks. Two near-term tests that could have provided a bounce—likely economic data or central bank commentary—passed without any positive impact on prices.
As a result, the metals are pausing at technical support levels, but the lack of bullish catalysts leaves them vulnerable to further weakness.
Source: FXStreet Forex News