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Precious Metals Mixed as US Trade Deficit Narrows, Housing Surges
Precious metals experienced mixed movements today, with gold holding steady below a key resistance level and silver seeing a marginal slip, primarily due to a strengthening U.S. Dollar. The economic backdrop featured a narrowed U.S. goods trade deficit and a significant surge in housing starts, though building permits hit a five-month low. Stock market sentiment, indicated by the CNN Fear & Greed Index at 23 ('Extreme Fear'), suggests a potential tailwind for safe-haven assets like gold and silver.
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