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Gold and Silver Futures Ease As Traders Lock In Gains on Global Weakness
Gold and silver futures fell as traders booked profits, influenced by weak global cues and a stronger US dollar, prompting a near-term correction in precious metal prices after recent gains.
Gold and silver futures declined sharply as traders booked profits amid weak global cues and a firm US dollar, pulling precious metal prices lower. Market participants cited risk-off sentiment and higher yields overseas that reduced safe-haven demand. The correction followed recent rallies, prompting traders to adjust positions and take some gains off the table amid mixed macroeconomic data.