Investors also look closely at the potential tariffs that could affect US trade policies, especially the world's growth. Protection policies have historically promoted gold demand as safe assets.
Silver exceeds $ 30.80 for dollar strength.
Silver (XAG/USD) is traded for about $ 30.86, touching the $ 30.80 in one day to limit the possibility of increased US dollars. The decision of the Federal Reserve, which does not change the price, has strengthened its support for the dollar, and the silver charm has been reduced in the short term.
Nevertheless, silver is in demand in trade uncertainty and potential economic deceleration in major manufacturing areas. As industrial demand plays an important role in silver evaluation, market participants are monitoring global production tendency and supply chain confusion on future price actions.
Traders are currently looking forward to the policy decision of the European Central Bank (ECB) on Thursday. This can affect global risk emotions. Furthermore, the US personal consumption spending (PCE) price index on Friday is a major Fed inflation of the Fed and is important in determining the next movement between gold and silver.
With interest rates, trade policies, and the uncertainty about the growth of the world, the price of gold and silver may continue to be sensitive to changes in economic data and policy in the coming week.
Short -term prediction
Gold remains at the integration stage and exceeds $ 2,752. Breakouts over $ 2,782 can cause further rise, but if they do not hold support, they may decrease to $ 2,717. Silver faces resistance at $ 30.98, and triple top patterns may potentially increase profits. Breakout can push the price to $ 31.25, but if you can't hold $ 30.61, pullbacks may be promoted.
