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The GBP/USD consolidation range between 1.3420 and 1.3465 is holding steady as momentum indicators show a flat trajectory, hinting at a balanced tug-of-war between buyers and sellers before a potential breakout. Traders should keep an eye on this range, as a sudden surge in momentum could push the pair toward the 1.3515 level in the near future.
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The latest silver price forecast highlights growing pressure as silver nears the crucial $23.60 support level, with market optimism around US-China trade talks and easing geopolitical tensions shaking investor demand for this precious metal. Stay tuned to how these factors could shape silver’s next move.
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Uncertainty around gold tariffs on imports from Switzerland is keeping investors on edge, as market players await clearer guidance to navigate gold’s price movements. OCBC experts highlight how this tariff uncertainty adds a layer of complexity amid broader economic and geopolitical pressures shaping gold’s trajectory.
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