Analysts say that the rebound of the US dollar may continue to suppress the trend of gold and silver

On February 5th, both gold and silver fell during the Asian trading session due to the strengthening of the US dollar. Fawad Razaqzada, a global macro market analyst at FOREX, said that a strong US dollar usually poses resistance to the trend of precious metals, and if the US dollar rebound continues, it may continue to put pressure on gold prices. Razaqzada also mentioned that the official US employment report has been postponed until Wednesday, February 11th due to the partial federal government shutdown.