Gold and silver prices declined during the Asian trading session on February 5, influenced by a stronger U.S. dollar. FOREX global macro market analyst Fawad Razaqzada noted that a robust dollar typically acts as a resistance to precious metals. He warned that if the dollar's rebound persists, it could continue to exert downward pressure on gold prices.
The market's focus is now shifting to the delayed U.S. employment report. The non-farm employment report for January, initially scheduled for release on Friday, has been postponed to February 11 due to a previous partial government shutdown.
Stronger Dollar Pressures Gold and Silver Prices in Asian Markets
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