The recovery of gold !
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The market has experienced a notable calmness in the past few days, with a lack of significant data causing stocks to drift higher, extending their recent trend. Meanwhile, the U.S. dollar has made a comeback after last week's sell-off based on data. As a result, both gold and silver have weakened from the beginning of the week until now. However, is a recovery on the horizon? Will the USD continue its decline amid the peak of the U.S. interest rate narrative? All eyes are now on Federal Reserve Chair Jerome Powell, who is scheduled to speak, along with U.S. unemployment claims data.
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