With the dollar posting another higher high for the move and approaching the 106.00 level, currency pressure on gold and silver continues to increase.

However, yesterday gold and silver showed they could avoid wholesale liquidations, but further pressure today could result in a fresh wave of stop-loss selling.

While the higher for longer interest rate mantra remains on the back of most markets the markets will be presented with a series of US housing price and sales readings today which have been showing signs of softening that could temporarily undermine the dollar...[MORE]

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