
Gold trades higher as markets await key U.S. economic reports
Gold prices continue to demonstrate robust technical support above the $3,300 per ounce threshold, with traders remaining responsive to developments in U.S.-China trade relations. The market is characterized by strategic bargain-hunting and cautious sentiment as participants anticipate the release of several significant economic indicators later this week.
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(Kitco Commentary) - Silver outperformed this week, rising 1.56%. While gold’s recent surge underscores its role as a hedge during turbulent times, silver, often a late-cycle performer, may now offer greater upside given its dual function as both a safe haven and an industrial metal.