Technical analysis by DynamicCapital-FX about Symbol PAXG: Sell recommendation (18 hour ago)

Precious metals have extended already impressive year-to-date rallies on expectations of imminent rate cuts and mounting concerns over the Federal Reserve's independence, MUFG analysts say in a note. Lower rates typically boost noninterest bearing bullion's appeal. Investors are also seeking out safe-haven assets amid persistent geopolitical, economic and trade risks, MUFG says. The latest uptick in gold and silver follows Fed Chair Jerome Powell's signal that rates could be lowered this month