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Gold and silver prices face pressure amid strong US data and Middle East tensions, with key resistance levels in focus.

Market News
20 Jul 2026
FXEmpire
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Neutral
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Gold and silver markets are balancing between strong central bank gold purchases and expectations that the US Federal Reserve will keep interest rates high due to robust US economic data and rising oil prices from Middle East conflicts. Central banks added 41 tonnes of gold in May, led by Poland and China, signaling long-term demand. Gold remains below key moving averages and must break above $4,021 to strengthen its recovery, while silver needs to reclaim $57.34 to improve its short-term trend. Investors watch these levels closely amid ongoing geopolitical and economic uncertainties.

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