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Gold and silver both hit new highs, sparking waves in the spot precious metals market
【Block Rhythm】The precious metals market performed strongly today. Spot gold broke through the $4630/ounce level, hitting a new record high with a daily increase of 2.67%. Meanwhile, spot silver performed even better, soaring by $6.00 within the day, breaking through the $86/ounce mark and reaching a historic high, with a daily increase of 7.59%.
From the market data, the two major traditional safe-haven assets moved in tandem, reflecting a clear change in market sentiment. Silver’s gains exceeded those of gold, indicating a re-pricing of risk assets in the market. For investors focused on diversified asset allocation, such fluctuations in precious metals are often closely related to macroeconomic expectations and the US dollar trend, warranting ongoing attention to subsequent developments.
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Once again, safe-haven assets are strengthening. What does that indicate?
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I've seen gold hit new highs before, but a 7.59% rise in silver is quite remarkable.
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Is this wave really happening or just a fleeting moment? Who can say for sure?
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Precious metals are taking off. Is the US dollar about to crash?
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Silver directly outperforms gold. This signal seems a bit significant.
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It's a bit late to jump into silver now...
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The macro outlook has changed, and the re-pricing of risk assets is getting a bit tiresome to hear.
From a technical perspective, it looks a bit shaky. Such rapid increases are often accompanied by head and shoulders top patterns. Keep an eye on whether the MACD golden cross shows any divergence.
Once the 4630 level is broken, stop-loss should be immediately set; otherwise, the habit of bottom-fishing will kick in again... Forget it, I’d better look at the candlestick charts first.