Gold and silver face a critical "focus" junction today with action in the dollar likely to support, while US data and misguided/overstated disinflation predictions undermine sentiment.
However, we favor the downward tilt with the euphoria from the end of the historic US interest rate hike cycle fully injected into gold and silver prices with the rallies earlier this week.
We think the focus will be primarily on US continuing claims this morning which will be followed by what is expected to be soft US heavy industry/manufacturing data...[MORE]
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