Recent signs of strength in the labor market may keep inflation steady and dent expectations that the Fed will trim interest rates in early 2024. The outlook on monetary policy looks uncertain, putting pressure on gold and silver prices.
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Gold has support at 61000 and resistance at 61800. Silver has resistance at 73500 and support at 71000.
Try to carry over light positions, as the FOMC meeting on interest rate decisions will increase the volatility in the commodity market tomorrow.
Gold has support at 61000 and resistance at 61800. Silver has resistance at 73500 and support at 71000.
Try to carry over light positions, as the FOMC meeting on interest rate decisions will increase the volatility in the commodity market tomorrow.
