Gold and silver have stopped moving on fundamentals. Now, it seems changes in interest rate expectations, dollar strength, and risk sentiment, are causing aggressive movements in the metals complex.
The every macro headline (central bank signals, expectations of liquidity, geopolitical concerns, etc.), is making gold and silver reactive instruments of short-term volatility, rather than steady safe havens.
In the current scenario, clarity regarding rates and liquidity is needed if these sharp movements and reversals, along with increased risk, are to be contained. In the absence of these, precious metals must be expected to continue showing these movements. $XAU ,$XAG
