Gold prices have maintained their recent gains following weaker-than-expected US jobs data, which has eased fears of more aggressive Federal Reserve interest rate hikes. However, according to FX Street (TD Securities), commodity trading advisors (CTAs) are actively unwinding their long positions, adding some caution to the market.
Meanwhile, silver has struggled to build on its strong breakout from last week. Traders remain cautious as they closely monitor the Fed's evolving interest rate outlook, creating uncertainty around silver’s near-term direction, FX Street reported.
For Japanese investors, these movements in precious metals come amid ongoing concerns about global inflation and currency fluctuations, factors that remain critical in shaping asset allocation decisions within the FX and equities markets.