Gold, silver recover early after sharp drop a day before; WGC says gold safer, silver high beta
Precious metals have remained under pressure despite geopolitical tensions, as a stronger US dollar and rising crude oil prices have weakened safe-haven demand in the near term. Higher oil prices boost demand for the dollar, since crude is priced in the US currency, and the stronger dollar in turn weighs on gold and silver.
Precious metals have remained under pressure despite geopolitical tensions, as a stronger US dollar and rising crude oil prices have weakened safe-haven demand in the near term. Higher oil prices boost demand for the dollar, since crude is priced in the US currency, and the stronger dollar in turn weighs on gold and silver.
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