9:08 AM · 9 October 2020

📈 Precious metals rally on USD weakness 💲

Precious metals are the best performing asset class today with gains ranging from 1% to over 2%. The US dollar weakness can be named as the primary cause behind today's rally with US currency being the top laggard among majors today. Silver is a top performer and gains over 2%. Meanwhile, gold has made its way back above the $1,900 handle and looks towards weekly highs and an important price zone at $1,915.

Gold broke above the downward trendline and is testing a mid-term resistance zone at $1,915. Source: xStation5

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