Silver (XAG/USD) is under pressure as the US dollar strengthens following recent US inflation data. Currently, silver trades around $67.79, a drop of nearly 1.26% on the day.
What Does This Mean for Gold?
Economic news impacting currencies like the US dollar also affects precious metals such as silver and gold. A stronger dollar makes gold more expensive for investors holding other currencies, potentially dampening demand.
Automated Trading and Gold
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