Lates News

Influenced by the strength of the US dollar, both gold and silver fell during the Asian trading session. Fawad Razaqzada, a global macro market analyst at FOREX, pointed out that a strong US dollar often serves as a resistance to the movement of precious metals. He said, "If this rebound of the US dollar is not just a flash in the pan, it may continue to put pressure on the price of gold." Razaqzada added that the market is currently shifting its focus to the delayed release of the US official employment report. Due to the partial government shutdown earlier, the January non-farm employment report, originally scheduled for release on Friday, has now been rescheduled to be released on February 11th (Wednesday).