Japanese Intervention

Gold’s recent resilience comes as traders weigh a Bank of Japan rate hike against a Federal Reserve that has just restarted tightening. Market history suggests the metal’s direction has depended more on the Fed’s stance and liquidation pressure than on Japan’s rate decisions alone.

Silver enters a pivotal week with the dollar, Treasury yields and Federal Reserve rate expectations pulling the market in different directions. Friday’s payrolls report is the key event that could decide whether XAG extends its rally or slips back toward recent support.