USA Dollar

Gold and silver prices are facing downward pressure, primarily driven by a strengthening U.S. Dollar and ongoing geopolitical tensions. Currently, gold is trading near $2,515, while silver remains around $30.Despite recent indications from the Federal Reserve about potential interest rate cuts, robust U.S. economic data continues to bolster the Dollar, applying further pressure on precious metals.Strong Dollar Weighs on Gold Despite Fed’s Dovish SignalsGold's recent decline is largely due to the resurgence of the U.S. Dollar, despite Federal Reserve Chair Jerome Powell’s remarks at the Jackson Hole symposium, which...