[MARKET UPDATE] Pressure seen in precious metals with spot gold down 0.5% and spot silver leads the retreat with losses of 2.5% to test USD 82/oz to the downside

Pressure seen in precious metals with spot gold down 0.5% and spot silver leads the retreat with losses of 2.5% to test USD 82/oz to the downside.

The pressure on precious metals, particularly with gold down 0.5% and silver retreating by 2.5%, suggests a broader market impact likely driven by a stronger USD and shifting risk sentiment. This decline may indicate weakening demand for safe-haven assets amid improving economic outlooks, and if silver tests USD 82/oz, it could trigger further downside momentum in the sector.