Precious Metals Gain on Safe-Haven Demand Amid Middle East Tensions and Ahead of Major Central Bank Meetings
-
Gold and silver prices higher boosted by safe-haven demand amid Israel-Hamas war and potential for wider Middle East conflict.
-
Focus this week on Fed, Bank of England, and Bank of Japan meetings. Market expects Fed to pause interest rate hikes.
-
WSJ story says higher bond yields have reduced inflation pressures, potentially ending Fed rate hikes.
-
December gold hit 3-month high Friday. Bulls have technical advantage with uptrend and next target of $2,050.
-
December silver in 4-week uptrend. Bulls' next target is closing above $24.05 resistance.