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Forex

EUR/USD and GBP/USD Break Support, Gold and Silver on High Alert

Guavy AI Editorial Team
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EUR USD GBP
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The EUR/USD and GBP/USD currency pairs have broken through key support levels. According to FXStreet, this development has put gold and silver prices on a knife's edge.

The EUR/USD pair fell below 1.11, while the GBP/USD broke through 1.31. These breaks in support come as a surprise to some market analysts, who had been expecting a rebound from previous lows.

Market participants are now watching gold and silver closely for signs of instability. As one analyst noted, 'Gold and Silver on a knife's edge.' The prices of these precious metals have historically been sensitive to changes in currency values.

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