Gold & Silver Bulls Gain Momentum Amid Dollar Uncertainty

Gold and silver markets are attracting renewed investor interest, with precious metals positioned for potential gains amid growing economic uncertainties. The article suggests entry opportunities in the current bull market phase for both metals, which typically benefit from dollar weakness and inflation concerns. Gold has maintained support above $2,300/oz while silver tests resistance near $30/oz. The precious metals rally reflects broader market concerns about monetary policy, fiscal spending, and geopolitical tensions. For forex traders, strength in gold and silver often correlates with weakness in the US dollar, particularly affecting commodity-linked currencies like AUD and CAD. Technical indicators suggest continued upward momentum for precious metals, which could pressure the dollar index below current support levels. Traders should monitor the inverse relationship between precious metals and USD pairs for potential trading opportunities.