Gold and silver have come off their recent highs as the US dollar nudges higher ahead of the US open. Nvidia results after the US market closes will be key for risk sentiment.
Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.01% 🇪🇺EUR: -0....Index is around 0.4% higher in European trade after steadying around a 9-month low this week. This slight move higher lacks any conviction and a further move lower is expected in the coming weeks as US interest rate cuts come into play.
Silver broke through a bullish flag pattern on August 16th and posted a fresh six-week high at the start of this week. This bullish pattern remains in control of silver’s outlook and a clear break above $29.82/oz. should bring the July 11th high at $31.75/oz. into play.Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.
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