๐ญ What should we make of the recent metal market shifts?
Price Changes โ Movement โ Finding Balance?
It is normal for markets to correct themselves after fast price shifts like the ones we experience due to e.g. the U.S.-Iran tensions.
โRight Now:
$Gold (โฌ127.59/g) and $Silver (โฌ2.19/g) are entering a consolidation phase as the market digests "higher for longer" interest rate signals and a stronger US Dollar.
โน๏ธ Key Takeaway
So understanding the macro drivers from central bank reserves to industrial demand is key to staying informed.
How are you reading the current charts? ๐ค
Data from bitpanda as of Mon. 10:20 p.m. (CET)