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Gold and silver slide amid dollar strength, but other headwinds are easing – Saxo Bank's Hansen
KITCO· 2026-06-26 03:09
(Kitco News) – Gold’s break below $4,000 and silver’s slide below $60 has soured sentiment in the precious metals market, with the stronger dollar and last week’s hawkish FOMC the main short-term headwinds, but other headwinds are beginning to ease, according to Ole Hansen, head of commodity strategy at Saxo Bank.In a new analysis published Thursday, Hansen wrote that gold and silver are now firmly on the defensive, with investors either reducing exposure or exiting positions altogether.“On a total return b ...