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Gold prices remain strong while silver underperforms
- Gold prices hit record highs due to concerns over US Federal Reserve policy and potential trade war impacts.
- Investors are increasingly turning to gold-backed ETFs as a safe haven amidst market uncertainties.
- While gold experiences a surge, silver prices have not kept pace, leading to a widening gold-silver ratio.
Gold prices retreated from a fresh record high hit on Tuesday, but remained 1.5% higher than the previous trading day. President Donald Trump’s threat to dismiss US Federal Reserve Chair Jerome Powell triggered a flight to safe-haven assets, driving gold prices to unprecedented highs on Tuesday. “Bullish traders pause for a breather amid extremely overbought […]
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