On February 5th, gold and silver both fell during Asian trading hours due to a stronger US dollar. Fawad Razaqzada, global macro market analyst at FOREX, pointed out that a strong dollar often acts as resistance to precious metals. He stated, "If this dollar rebound isn't just a flash in the pan, it could continue to put pressure on gold prices."
Razaqzada added that the market is currently turning its attention to the delayed release of the official U.S. jobs report. Due to the partial shutdown of the federal government, the January non-farm payroll report, originally scheduled for release on Friday, has been postponed to Wednesday, February 11. (Jinshi)
