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Gold, Silver Forecast: Powell s Testimony to Underpin XAG/USD, XAU/USD 2021-02-23 03:00:00 Daniel Moss, Analyst Gold, Silver, Fiscal Stimulus, Federal Reserve, Powell Testimony – Talking Points: Rising inflation expectations, depressed real rates, and a weaker USD may underpin precious metal prices. Double Bottom reversal could trigger further gains for gold prices. Silver poised to extend climb higher after clearing key resistance. Advertisement As mentioned in previous reports, the combination of climbing inflation expectations, depressed real rates, and a weaker US Dollar may provide a tailwind for gold and silver prices in the coming months. The impending delivery of a substantial fiscal support package will likely limit the Greenback’s potential upside and in turn pave the way for precious metals to recover lost ground.

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