Precious metals retreat as investors book profits amid strong dollar

Gold and silver slip on profit booking and dollar strength, though long-term demand drivers remain intact for precious metals.

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Precious metals retreat as investors book profits amid strong dollar

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Precious metals retreat as investors book profits amid strong dollar
Gold and silver slip on profit booking and dollar strength, though long-term demand drivers remain intact for precious metals.
Gold and silver prices declined during recent sessions as investors engaged in profit booking and the US dollar strengthened. Analysts say short-term corrections are typical following sustained rallies, particularly when global yields remain elevated. Despite near-term weakness, long term fundamentals for gold remain supported by geopolitical and inflation related risks.
Sentinel