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Yesterday, gold prices surged and then pulled back. By the close, February gold futures were around $4,599.10 per ounce, down 0.34% from the previous day. It seems that the bulls are a bit exhausted at this level.
In contrast, silver is much more lively — continuing to push upward and hitting a new closing high again. March silver futures closed at $86.338 per ounce, with a daily increase of 1.47%. This kind of divergence is quite interesting, indicating that market expectations for demand for different precious metals still vary.
Precious metals have always been good tools for hedging risks. Such volatile行情 also leaves plenty of room for traders to operate. Whether for asset allocation or short-term trading, it’s worth paying attention to this trend.