Key Focus on US Retail Sales, PMI Data, and Eurozone: Weekly Gold and Silver Trends - News Summed Up

Key Focus on US Retail Sales, PMI Data, and Eurozone: Weekly Gold and Silver Trends


How to trade gold and silver this week? A slightly positive bias may be seen in gold this week due to France's political crisis while Silver could remain subdued on negative cues from China. Chinese Yuan may see a slight recovery and bargain hunting from its monthly lows touched in early trade today.Trends for Gold & Silver may diverge. The US Retail Sales and manufacturing PMIs from the US & Eurozone would be in focus. Also, the improvement seen in global PMIs over the last 3 months could keep sentiments slightly positive for Silver prices.


Source: Economic Times June 17, 2024 11:56 UTC



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