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📉 Gold and silver ended the week under pressure from a strong US dollar.

The international precious metals market closed Friday's trading session with a noticeable decline. Futures for gold delivery in August on the New York Mercantile Exchange fell over 1.7%, while July silver futures decreased by more than 2%. Due to the shortened trading day, the exchange closed earlier than usual and did not publish official closing prices, but the overall market trend indicated a predominance of bearish sentiment among investors.

The main factor putting pressure on precious metals was the strengthening of the US dollar following recent signals from the Federal Reserve. The regulator demonstrated a more hawkish stance on monetary policy than market participants expected. This rhetoric increased the attractiveness of the US currency and government bonds, which traditionally negatively impacts non-yielding assets like gold and silver.

Despite the sharp decline at the end of the week, gold showed relative resilience. The most active futures contract for the week still managed to gain 0.17%, indicating sustained demand for safe-haven assets amid geopolitical and economic uncertainty. In contrast, silver performed weaker, ending the week down 2.43%, reflecting its greater dependence on industrial demand and overall investor risk appetite.

🔍 Key factors that influenced the market this week:
• Strengthening of the US dollar index.
• Hawkish signals from the Federal Reserve.
• Expectations of a prolonged period of high interest rates.
• Rising yields on US government bonds.
• Profit-taking after previous gold gains.
• Decreased interest in risky assets.
• Uncertainty regarding future central bank actions.
• Fluctuations in inflation expectations.
• Reassessment by investors of the global economic outlook.

For the cryptocurrency market, the dynamics of precious metals also remain an important indicator of investor sentiment. When the dollar strengthens and the Fed signals a tighter policy, pressure often extends not only to gold and silver but also to digital assets. In the coming weeks, market attention will focus on new US macroeconomic data and further comments from Fed officials, which could determine the direction of both traditional safe-haven assets and the crypto sector.

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