There has been notable divergence in precious metals with gold holding within its 2024 consolidation zone while silver is still within striking distance of a new 4-month low.

The gold/silver ratio was just above 92 at yesterday's close and approaching the 17-month high reached in mid-January.

The dollar remains well below Monday's 2 1/2-month high which has underpinned metals prices early today.

Fed speakers gave mixed comments on upcoming Fed policy yesterday, and the market's disappointment that there was not an overall dovish tone has weighed on gold and silver prices...[MORE]

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