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Analyst: The dollar's rebound momentum strengthens, suppressing gold and silver trends, and downward pressure may persist
GateNews
BlockBeats News, February 5th, due to the strengthening of the US dollar, gold and silver both declined during the Asian trading session. FOREX global macro market analyst Fawad Razaqzada pointed out that a strong dollar often acts as resistance to precious metals’ movements. He stated: “If this rebound in the dollar is not just a fleeting moment, it could continue to exert pressure on gold prices.”
Razaqzada added that the market is currently focusing on the delayed release of the US official employment report. Due to the previous partial government shutdown, the January non-farm payroll report, originally scheduled for release on Friday, has now been rescheduled to February 11th (Wednesday). (Jin10)
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