Precious Metals Extend Rally as Markets Await Key US Inflation and GDP Data

Precious metals are maintaining strong upward momentum, with analysts identifying $5,000 as a critical new support level for gold amid ongoing geopolitical tensions. In the silver market, the metal has successfully breached the $80 mark, with technical targets now shifting toward the $85 level. Meanwhile, Bitcoin BTC continues to trade around $67,000, as the debate persists regarding its role as a digital safe-haven alternative to gold. Investor focus is now pivoting toward crucial US macroeconomic indicators, specifically the upcoming GDP and PCE inflation data. These releases will be instrumental in shaping the Federal Reserve's monetary policy outlook and interest rate expectations. Market participants remain cautious, awaiting clear signals on the trajectory of inflation and global economic growth.