President-elect suggests 100% tariffs for any country seeking to undermine the U.S. dollar
Saxo’s Ole Hansen suggests a temporary setback is looming in the precious metals market
Geopolitical tensions and an ongoing solar panel trade battle can only help to boost prices
Gold and silver markets have experienced a tumultuous November, driven by a mix of geopolitical events, economic concerns, and shifting investor sentiment.
Some suggest Bitcoin’s rally could be driving a move away from gold, while other strategists claim the drop is a technical move following a recent multi-day rally.
Gold surges $134 as short sellers retreat, marking a mini squeeze in market. Open interest drops by 43,000 contracts as price breaks above key technical levels, signaling a bottom.
Analyst: Central bank buying remains strong and is bolstered by ETF inflows
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